Does Extreme Art Studio's site approval for an Extreme Art Studio Business constitute a warranty of the site's suitability?
Extreme_Art_Studio Franchise · 2024 FDDAnswer from 2024 FDD Document
You acknowledge and agree that our approval of any Studio is merely our determination, entirely for our own purposes, that the Studio site meets our current criteria.
Our consent does not constitute a representation or warranty of any kind, express or implied, of the Studio's suitability, and you confirm that you have not relied, and will not rely, on our approval for that purpose.
You recognize that demographic and/or other factors could change at any time before or during the term of this Franchise Agreement, altering the Studio's potential and suitability.
Your selection of the Studio is based on your own independent investigation of, or agreement in the future to investigate, the Studio's suitability.
Source: Item 22 — CONTRACTS (FDD page 49)
What This Means (2024 FDD)
According to the 2024 Extreme Art Studio Franchise Disclosure Document, Extreme Art Studio's approval of a studio site does not constitute a warranty of its suitability. The FDD states that Extreme Art Studio's approval is solely for their own purposes in determining if the site meets their current criteria.
The document explicitly states that this consent from Extreme Art Studio does not represent any kind of guarantee or warranty, whether expressed or implied, regarding the site's suitability for the franchisee's business. Furthermore, the FDD emphasizes that the franchisee should not rely on Extreme Art Studio's approval as an indication of the site's potential.
The FDD makes it clear that the franchisee is responsible for conducting their own independent investigation to determine if the studio location is suitable for their Extreme Art Studio business. The document also points out that demographic or other factors can change over time, which could impact the studio's potential and suitability, reinforcing the importance of the franchisee's own due diligence.