Does the Southern Steer FDD contain a State-Specific Addendum as an exhibit?
Southern_Steer Franchise · 2025 FDDAnswer from 2025 FDD Document
Issuance Date: January 31, 2025. I received a disclosure document dated January 31, 2025, that included the following Exhibits:
Exhibit A: Franchise Agreement and Attachments Attachment A Attachment B Attachment C Attachment D Attachment E Attachment F Attachment G Attachment H Attachment I-1 Attachment I-2 Attachment J Franchisee Questionnaire Site, Protected Area, Required Opening Date Statement of Ownership Personal Guaranty Authorization to Honor Electronic Funds Transfer Conditional Assignment of Telephone Listing, Social Media and Directory Listing Agreement Landlord's Consent to Assignment Lease Form of Lease Addendum State Specific Addendum Non-Competition and Non-Disclosure Agreement (Owners) Non-Competition and Non-Disclosure Agreement (Management Staff) Exhibit B: Financial Statements Exhibit C: List of Current and Former Franchisees, Company-Owned Southern Steer Businesses and Franchise Agreements Signed But Not Opened Exhibit D: Multi-Unit Development Agreement Exhibit E: Sample Release Exhibit F: State Agency/Agents for Service of Process Exhibit G: State-Specific Addendum Exhibit H: Brand Manual Table of Contents Exhibit I: Deposit Agreement Exhibit J: State Effective Dates and Receipt
Source: Item 21 — EXHIBIT B: FINANCIAL STATEMENTS (FDD page 6)
What This Means (2025 FDD)
Yes, according to the 2025 Southern Steer Franchise Disclosure Document, a State-Specific Addendum is included as an exhibit. Specifically, Exhibit G is designated as the State-Specific Addendum. This addendum likely contains modifications to the standard franchise agreement to comply with specific state laws and regulations.
Prospective Southern Steer franchisees should carefully review the State-Specific Addendum, if one is included for their state, along with the standard franchise agreement to understand any differences in their rights and obligations based on where they operate their franchise. State laws governing franchises can vary significantly, and these addenda are crucial for ensuring compliance and understanding the legal landscape.
It is also important to note that Exhibit F lists the State Agency/Agents for Service of Process, which could be related to the State-Specific Addendum. This exhibit provides contact information for state agencies that oversee franchise matters, which may be useful for franchisees seeking clarification on state-specific regulations or needing to report any issues.
Southern Steer franchisees should consult with a legal professional to fully understand the implications of the State-Specific Addendum and how it affects their franchise agreement and operations in their particular state.