Can a waiver granted by Extreme Art Studio be revoked?

According to Extreme Art Studio's 2024 Franchise Disclosure Document, any waiver granted by either Extreme Art Studio or the franchisee can be revoked. The waiver is subject to continuing review and can be revoked at any time, for any reason.

To revoke a waiver, the revoking party must provide ten days' prior written notice to the other party. This means that if Extreme Art Studio grants a franchisee a waiver on a certain obligation, Extreme Art Studio retains the right to cancel that waiver with a ten-day written notice.

This clause ensures that Extreme Art Studio maintains flexibility in its agreements and can respond to changing circumstances or unforeseen issues that may arise during the franchise term. It is a standard practice in franchising to include such clauses to protect the franchisor's interests and maintain brand standards.