factual

What is Exhibit C in the Red Wagon Club disclosure document?

Red_Wagon_Club Franchise · 2024 FDD

Answer from 2024 FDD Document

See Exhibit C for Red Wagon Club Franchise, LLC's registered agents authorized to receive service of process.

Exhibit C - State Administrators / Agents for Service of Process

Source: Item 22 — CONTRACTS (FDD page 47)

What This Means (2024 FDD)

According to the 2024 Red Wagon Club Franchise Disclosure Document, Exhibit C is the State Administrators/Agents for Service of Process. This exhibit lists the contact information for state agencies and registered agents authorized to receive legal documents on behalf of Red Wagon Club.

This information is crucial for a prospective franchisee because it identifies the appropriate state authorities to contact if they have concerns about the franchise offering or need to serve legal documents to Red Wagon Club. It ensures that franchisees know where to report potential violations of franchise law or to initiate legal proceedings, if necessary.

Additionally, within the Red Wagon Club Franchise Agreement itself, Attachment C is defined as the Electronic Funds Transfer Authorization Form. This form authorizes Red Wagon Club to make ACH withdrawals from the franchisee's designated bank account for fees and other payments. It also allows Red Wagon Club to make direct deposits into the franchisee's account in case of errors. The franchisee must provide bank name, account number, ABA number, and FEIN on this form. The franchisee can terminate this authorization with 30 days written notice.

Disclaimer: This information is extracted from the 2024 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.