What is the date referenced in the 7 Brew Franchise Agreement?
7_Brew Franchise · 2025 FDDAnswer from 2025 FDD Document
-
- Term. This Rider's term begins on the date we sign it and ends on the date when (a) you (or your Approved Affiliate) open for business the final Traditional 7 BREW Store to be developed under the Schedule, or (b) this Rider otherwise is terminated, but in any event this Rider's term will end no later than [Insert Last Date on Schedule], subject to extensions permitted by Section 6(e) of this Rider.
Source: Item 22 — CONTRACTS (FDD pages 82–83)
What This Means (2025 FDD)
According to the 2025 7 Brew Franchise Disclosure Document, the Franchise Agreement references a date described as [Insert Last Date on Schedule]. This date is relevant to the Development Rider's term, specifying the latest date the rider can extend to, even with permitted extensions.
This date is significant for prospective franchisees as it sets a deadline for opening the final 7 Brew store under the development schedule. Missing this deadline could lead to termination of the Development Rider. The franchisee needs to be aware of this date and the development schedule to ensure compliance and avoid potential termination.
It is important for potential franchisees to fully understand the implications of this date and how it aligns with their development plans. They should discuss with 7 Brew the factors that could affect the schedule and the possibility of extensions, ensuring they have a clear understanding of their obligations and the potential consequences of not meeting the deadline.