What is the purpose of Schedule B in the Floors To Go Membership Agreement?
Floors_To_Go Franchise · 2025 FDDAnswer from 2025 FDD Document
SCHEDULE "B"
STATE SPECIFIC AMENDMENTS to THE MEMBERSHIP AGREEMENT
Required by
HAWAII, ILLINOIS, INDIANA, MARYLAND, MICHIGAN, MINNESOTA NORTH DAKOTA, RHODE ISLAND, SOUTH DAKOTA, WASHINGTON and WISCONSIN
PLEASE SEE EXHIBIT "B" FOR STATE SPECIFIC AMENDMENTS
SCHEDULE "C"
PRINCIPAL OWNER'S STATEMENT
PLEASE SEE EXHIBIT "C" FOR PRINCIPAL OWNER'S STATEMENT
EXHIBIT "B"
FLOORS TO GO, LLC
FRANCHISE DISCLOSURE DOCUMENT
Dated March 12, 2025
STATE SPECIFIC AMENDMENTS
TO THE MEMBERSHIP AGREEMENT
HAWAII, ILLINOIS, INDIANA, MARYLAND, MICHIGAN, MINNESOTA, NORTH DAKOTA, RHODE ISLAND, SOUTH DAKOTA, WASHINGTON and WISCONSIN
Exhibit B-1
Hawaii Amendment
In recognition of the requirements of the Hawaii Franchise Investment Law, Hawaii Rev. Stat. §§ 482E-1 et seq., the parties to the attached Membership Agreement (the "Agreement") agree to amend the Agreement as follows:
- Section 13 of the Agreement shall be supplemented by the addition of the following new Section 13.4, which shall be considered an integral part of the Agreement:
13.4 Your Interest Upon Termination.
Source: Item 23 — RECEIPTS (FDD pages 47–204)
What This Means (2025 FDD)
According to the 2025 Floors To Go Franchise Disclosure Document, Schedule B to the Membership Agreement contains state-specific amendments required in certain states. These amendments are applicable in Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, North Dakota, Rhode Island, South Dakota, Washington, and Wisconsin.
Specifically, Exhibit B provides the actual state-specific amendments to the Floors To Go Membership Agreement. As an example, the Hawaii Amendment supplements Section 13 of the agreement with a new Section 13.4, addressing the franchisee's interest upon termination, in accordance with the Hawaii Franchise Investment Law.
Prospective Floors To Go franchisees should carefully review Schedule B and Exhibit B to understand any modifications to the standard Membership Agreement that may apply based on the state in which they plan to operate their franchise. These amendments can alter the franchisee's rights and obligations, so understanding them is crucial before signing the agreement.