In the 7 Brew Exhibit B, what date is considered the 'Effective Date' for the information provided?
7_Brew Franchise · 2025 FDDAnswer from 2025 FDD Document
| Effective Date: This Exhibit B is current and complete as of, 20 | |
|---|---|
| 1. Franchisee was incorporated or formed on, 20, under the laws of | |
| the State of Franchisee has not conducted business under any name other than | |
| Franchisee's corporate, limited liability company, or partnership name and (if applicable) | |
| The following is a list of Franchisee's directors or managers (if | |
| applicable) and officers as of the effective date shown above: | |
| Name | Position(s) Held |
Source: Item 22 — CONTRACTS (FDD pages 82–83)
What This Means (2025 FDD)
According to 7 Brew's 2025 Franchise Disclosure Document, Exhibit B requires a date to be entered to signify when the exhibit's information is current and complete. The specific date is not pre-filled in the document but is designated by a blank space to be filled in, represented as " , 20".
This date is important because it signifies the currency and accuracy of the information provided in Exhibit B, which typically includes details about the franchisee's business structure, ownership, and other relevant information. The franchisee must ensure that all details are accurate as of this date.
Prospective franchisees should pay close attention to this date when completing Exhibit B, as it confirms that the information provided is up-to-date. Any changes occurring after this date may need to be disclosed separately to 7 Brew to maintain transparency and compliance with the franchise agreement.