Which states does the State Addendum apply to for the Extreme Art Studio franchise?
Extreme_Art_Studio Franchise · 2024 FDDAnswer from 2024 FDD Document
Certain states have laws governing the franchise relationship and franchise documents. Certain states require modifications to the FDD, Franchise Agreement and other documents related to the sale of a franchise. This State Specific Addendum ("State Addendum") will modify these agreements to comply with the state's laws. The terms of this State Addendum will only apply if you meet the requirements of the applicable state independently of your signing of this State Addendum. The terms of this State Addendum will override any inconsistent provision of the FDD, Franchise Agreement or any Supplemental Documents. This State Addendum only applies to the following states: California, Hawaii, Illinois, Iowa, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Ohio, Rhode Island, South Dakota, Virginia, Washington, and Wisconsin.
If your state requires these modifications, you will sign this State Addendum along with the Franchise Agreement and any Supplemental Agreements.
Source: Item 23 — RECEIPTS (FDD pages 49–214)
What This Means (2024 FDD)
According to the 2024 Extreme Art Studio Franchise Disclosure Document, the State Addendum applies to specific states that have laws governing the franchise relationship and documents. These states require modifications to the FDD, Franchise Agreement, and other related documents to comply with their specific laws. The State Addendum is designed to modify these agreements accordingly.
The terms outlined in the State Addendum will only be applicable if the franchisee meets the requirements of the specific state, irrespective of signing the addendum itself. This addendum takes precedence over any conflicting provisions found in the FDD, Franchise Agreement, or any Supplemental Documents, ensuring compliance with local regulations.
The State Addendum for Extreme Art Studio applies specifically to California, Hawaii, Illinois, Iowa, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Ohio, Rhode Island, South Dakota, Virginia, Washington, and Wisconsin. If a prospective franchisee is operating in any of these states, they will be required to sign the State Addendum along with the Franchise Agreement and any Supplemental Agreements to ensure compliance with state-specific franchise laws.