Does the Southern Steer Franchise Disclosure Document include Exhibit G, the state-specific addendum for Southern Steer?
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)
According to the 2025 Southern Steer Franchise Disclosure Document, Exhibit G, the State-Specific Addendum, is included. The receipt page of the FDD indicates that several exhibits are part of the disclosure document, including Exhibit G. This addendum is important because it contains modifications to the standard franchise agreement that are required to comply with specific state laws.
Prospective Southern Steer franchisees should carefully review Exhibit G to understand how the franchise agreement may be different in their particular state. State laws governing franchises can vary significantly, and these addenda address those variations. This ensures that the franchise agreement complies with local regulations, which can cover areas such as franchise registration, termination rights, and dispute resolution.
Furthermore, the FDD includes a separate exhibit (Exhibit J) that lists state effective dates and a receipt, reinforcing the importance of state-specific considerations in the franchising process. Franchisees should consult with a legal professional to fully understand the implications of Exhibit G and how it affects their rights and obligations under the franchise agreement.