factual
Is the Illinois Addendum applicable if the Focus Cfo franchise business will be located in Illinois?
Focus_Cfo Franchise · 2025 FDDAnswer from 2025 FDD Document
| CFO," | This Addendum is made and entered by and between Focus CFO Group, LLC, ("Focus "Franchisor," ("Franchisee," "you" or "your"). | "Company", | "us", | "we" | or | "our"), | and |
|---|---|---|---|---|---|---|---|
| 1. | Focus CFO and Franchisee are parties to that certain Franchise Agreement dated | ||||||
| , 20 | (the "Franchise Agreement") that has been signed concurrently | ||||||
| with the signing of this Addendum. This Addendum is attached to and forms a part of the Franchise | |||||||
| Agreement. This Addendum has been signed because (a) Franchisee is domiciled in Illinois; (b) | |||||||
| the offer of the franchise is made or accepted in Illinois; (c) the franchise business is or will be | |||||||
| located in Illinois; or (d) the franchised business is or will be located in Illinois. | |||||||
| 2. | Illinois law governs the Franchise Agreement. | ||||||
| 3. | In conformance with Section 4 of the Illinois Franchise Disclosure Act, any | ||||||
| provision in a franchise agreement that designates jurisdiction and venue in a forum outside of the | |||||||
| State of Illinois is void. However, a franchise agreement may provide for arbitration to take place | |||||||
Source: Item 23 — Receipts (FDD pages 37–126)
What This Means (2025 FDD)
Yes, according to Focus Cfo's 2025 Franchise Disclosure Document, the Illinois Addendum is applicable if the franchise business will be located in Illinois. The addendum is signed because the franchisee is domiciled in Illinois, the offer of the franchise is made or accepted in Illinois, or the franchise business is or will be located in Illinois. The FDD also states that Illinois law governs the Franchise Agreement. Additionally, any provision in a franchise agreement that designates jurisdiction and venue in a forum outside of the State of Illinois is void, although the agreement may provide for arbitration to take place.
Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only.
It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.