What date is required in the signature section for 360 Painting, LLC's acceptance of the franchise agreement?
360_Painting Franchise · 2025 FDDAnswer from 2025 FDD Document
THIS FRANCHISE AGREEMENT (the "Agreement") is made and entered into as of the date set forth on Exhibit C-1 attached hereto (the "Effective Date") (Exhibit C-1 and all other exhibits hereto are incorporated herein by this reference) by and between 360 Painting, LLC, a limited liability company organized under the laws of Delaware with its principal place of business at the address set forth on Exhibit C-1 hereto ("Franchisor"), and the person or entity identified on Exhibit C-1 as the franchisee ("Franchisee").
W I T N E S E T H:
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 56)
What This Means (2025 FDD)
According to the 2025 360 Painting Franchise Disclosure Document, the franchise agreement's effective date is determined by the date specified on Exhibit C-1. This date is crucial as it marks when the agreement becomes active and sets the timeline for various obligations.
Exhibit C-1, referenced throughout the agreement, contains essential information such as the franchisee's details and the defined territory. The agreement explicitly states that it is made and entered into 'as of the date set forth on Exhibit C-1 attached hereto (the "Effective Date").' This establishes Exhibit C-1 as the definitive source for the agreement's commencement date.
For a prospective 360 Painting franchisee, it is important to carefully review Exhibit C-1 to confirm the effective date and understand its implications for meeting initial training deadlines and commencing business operations. Since the Internet Web Sites and Social Media Agreement also requires an effective date, franchisees should ensure that all dates are consistent across all documents to avoid potential discrepancies or confusion regarding their obligations and timelines.