Is there a specific process for amending the Extreme Art Rider for Extreme Art Studio?
Extreme_Art_Studio Franchise · 2024 FDDAnswer from 2024 FDD Document
[Item 22: CONTRACTS]
All obligations under this Franchise Agreement shall apply individually to each Extreme Art Studio Business you operate.
- 1.4.2 We must authorize the specific location for your Studio (each an "Approved Location").
The Approved Location for your initial Extreme Art Studio Business will be designated in Attachment B, and the Approved Location for any additional Extreme Art Studio Businesses will be specified in the Extreme Art Rider applicable thereto.
If the Approved Location for your initial Extreme Art Studio Business has not been selected and approved at the time this Franchise Agreement is signed, or the Approved Location for any of your subsequent Extreme Art Studio Businesses have not been selected and approved at the time the Extreme Art Rider applicable thereto is signed, Attachment B (with respect to the initial Extreme Art Studio Business) or the applicable Extreme Art Rider (with respect to any subsequent Extreme Art Studio Business) will describe the Approved Location in general terms.
When we subsequently approve a location for your Extreme Art Studio Business, we will complete Attachment B-1 or our then-current form of Attachment E-1, as applicable, to specify the address of that location, and such location will automatically become the Approved Location for the applicable Extreme Art Studio Business as if originally set forth in Attachment B or the Extreme Art Rider.
Although we may assist you, you are solely responsible for selecting each Approved Location and negotiating the lease or purchase terms for each of your Extreme Art Studio Businesses.
You agree that you are not guaranteed any specific Approved Location for any of your Extreme Art Studio Businesses, and you may not be able to obtain your top choice for any of your Extreme Art Studio Businesses.
You and we must reach agreement on an Approved Location for your Studio within four months after you sign this Franchise Agreement, or we have the option to terminate this Franchise Agreement.
- 1.4.3 The term of this Franchise Agreement begins on the Effective Date and expires ten years from that date, unless sooner terminated as provided herein.
- 1.5 TERRITORY.
Source: Item 22 — CONTRACTS (FDD page 49)
What This Means (2024 FDD)
The 2024 Franchise Disclosure Document for Extreme Art Studio specifies how the Extreme Art Rider is used to document the approved location and territory for additional franchise locations. According to Item 22, when Extreme Art Studio approves a location for a subsequent Extreme Art Studio Business, they will complete Attachment B-1 or their then-current form of Attachment E-1, as applicable, to specify the address of that location. This location will automatically become the Approved Location for the applicable Extreme Art Studio Business as if originally set forth in Attachment B or the Extreme Art Rider.
This process ensures that there is a formal record of the approved location, which is crucial for defining the franchisee's rights and responsibilities. The franchisee is responsible for selecting each Approved Location and negotiating the lease or purchase terms for each of their Extreme Art Studio Businesses, even though Extreme Art Studio may assist.
It is important to note that the franchisee is not guaranteed any specific Approved Location and may not be able to obtain their top choice. Furthermore, the franchisee and Extreme Art Studio must agree on an Approved Location within four months after signing the Franchise Agreement, or Extreme Art Studio has the option to terminate the agreement. The Extreme Art Rider itself is effective as of the date set forth on the signature page.