What is the significance of the date '4/23' appearing on the 1-800-GOT-JUNK? Franchise Agreement?
1_800_Got_Junk Franchise · 2025 FDDAnswer from 2025 FDD Document
ACKNOWLEDGEMENT AND EXECUTION BY FRANCHISEE
FRANCHISEE ACKNOWLEDGES THAT PRIOR TO THE DATE OF EXECUTING THIS AGREEMENT OR PAYING ANY NON-REFUNDABLE CONSIDERATION FOR IT, FRANCHISEE HAS RECEIVED, READ AND UNDERSTOOD A COMPLETE COPY OF THIS AGREEMENT (WITH ALL BLANKS COMPLETED) IN CONSULTATION WITH PROFESSIONAL ADVISORS OF FRANCHISEE’S OWN CHOOSING AND, ACCORDINGLY, THAT FRANCHISEE IS AWARE OF ALL PROVISIONS OF THIS AGREEMENT AND IS AWARE OF THE BUSINESS RISKS INVOLVED IN ENTERING INTO THIS AGREEMENT AND ESTABLISHING AND OPERATING THE FRANCHISED BUSINESS CONTEMPLATED HEREBY.
FRANCHISEE:
By:
Dated:
4908-1371-6037.2
A-1
Franchise Agreement
4/22
Source: Item 22 — Contracts (FDD page 24)
What This Means (2025 FDD)
Based on the 2025 Franchise Disclosure Document, the date '4/22' appears on the 1-800-GOT-JUNK? Franchise Agreement in association with the franchisee's signature. Specifically, Schedule A and Schedule B, as well as the Acknowledgment and Execution page, all contain a space for the franchisee's signature to be dated. This indicates the date on which the franchisee signed the agreement, acknowledging they have read, understood, and agreed to its terms.
The franchisee's signature date is a crucial element of the agreement, as it signifies the franchisee's formal acceptance of the franchise terms and obligations. It confirms that the franchisee has had the opportunity to review the document with professional advisors and is aware of the business risks involved. This date, along with the franchisor's signature date, determines when the agreement becomes effective.
It is important to note that the FDD requires 1-800-GOT-JUNK? to provide the disclosure document to the prospective franchisee at least 14 calendar days before they sign a binding agreement or make a payment. This 14-day period allows the franchisee adequate time to review the FDD and Franchise Agreement before committing. The franchisee should carefully consider all aspects of the agreement and seek professional advice to fully understand their rights and obligations before signing and dating the document.