What is the relationship between the Addendum and the Franchise Agreement for Focus Cfo?
Focus_Cfo Franchise · 2025 FDDAnswer from 2025 FDD Document
des any provisions of the Franchise Agreement or a related contract which is inconsistent with the Law.
THE WISCONSIN NOTICE APPLIES ONLY TO FRANCHISEES WHO ARE RESIDENTS OF WISCONSIN OR LOCATE THEIR FRANCHISES IN WISCONSIN.
THE FOLLOWING PAGES ARE STATE-SPECIFIC ADDENDUMS TO THE FRANCHISE AGREEMENT
ILLINOIS ADDENDUM TO FOCUS CFO GROUP, LLC FRANCHISE AGREEMENT
| 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; |
Source: Item 23 — Receipts (FDD pages 37–126)
What This Means (2025 FDD)
According to the 2025 Focus Cfo Franchise Disclosure Document, the Addendum is an integral part of the Franchise Agreement. Specifically, the Addendum is attached to, and forms a part of, the Franchise Agreement. This indicates that the Addendum modifies or supplements the terms and conditions outlined in the original Franchise Agreement.
The FDD includes examples of how the Addendum can modify the Franchise Agreement. For franchisees in North Dakota, the addendum may delete or replace sections of the original agreement related to releases, jurisdiction, and governing law. Similarly, for franchisees in Maryland, the addendum amends sections related to governing law, jurisdiction, limitation of claims, and releases, and may also defer initial fees based on Focus Cfo's financial condition.
For prospective Focus Cfo franchisees, it's crucial to carefully review both the Franchise Agreement and any Addendum to fully understand their rights and obligations. The Addendum can alter key aspects of the agreement, particularly concerning legal and financial matters, and these changes can vary based on the franchisee's location. Franchisees should pay close attention to any sections that are deleted, replaced, or amended by the Addendum, as these changes will supersede the original terms of the Franchise Agreement.