What is the purpose of Exhibit H in the Management Recruiters Franchise Disclosure Document?
Management_Recruiters Franchise · 2024 FDDAnswer from 2024 FDD Document
EXHIBIT H TO THE FRANCHISE DISCLOSURE DOCUMENT STATE ADDENDA
The Addenda in this Exhibit J are state specific changes to the Franchise Disclosure Document or Franchise Agreement for the states identified on each addendum. Each addendum applies only to the sale of franchises in the state identified.
Source: Item 23 — RECEIPTS (FDD pages 67–327)
What This Means (2024 FDD)
According to the 2024 Management Recruiters Franchise Disclosure Document, Exhibit H contains state-specific addenda. These addenda include changes to the Franchise Disclosure Document or the Franchise Agreement that are specific to the states identified in each addendum.
These addenda are only applicable to the sale of franchises within the specific state mentioned in the addendum. For example, the addendum for California clarifies certain aspects of California law regarding franchise termination, transfer, non-renewal, and the enforceability of non-compete clauses and choice of law provisions within the state.
Prospective Management Recruiters franchisees should carefully review Exhibit H to understand any state-specific regulations or modifications to the standard franchise agreement that may apply to them, based on the state in which they plan to operate their franchise. Consulting with legal counsel is recommended to fully understand the implications of these state-specific addenda.