What does the All County franchise agreement refer to as the 'Notification Date'?
All_County Franchise · 2025 FDDAnswer from 2025 FDD Document
23.6.1. Exercise of Option. Upon termination or expiration of this Agreement in accordance with its terms and conditions or your termination of this Agreement without cause, we have the option, exercisable by giving written notice to you within sixty (60) days from the date of such termination or expiration, to purchase the Business from you, including the leasehold rights to the Location, free and clear of all liens, restrictions or encumbrances. (The date on which we notify you whether or not we are exercising our option is referred to in this Agreement as the "Notification Date.") We have the unrestricted right to assign this option to purchase the Business. We will be entitled to all customary warranties and representations in connection with our asset purchase, including, without limitation, representations and warranties as to ownership and condition of and title to assets; liens and encumbrances on assets; validity of contracts and agreements; and liabilities affecting the assets, contingent or otherwise.
Source: Item 23 — Receipts (FDD pages 43–157)
What This Means (2025 FDD)
According to All County's 2025 Franchise Disclosure Document, the 'Notification Date' refers to the date All County notifies the franchisee whether or not they are exercising their option to purchase the business. This option is available to All County upon termination or expiration of the franchise agreement, or if the franchisee terminates the agreement without cause. All County has 60 days from the date of such termination or expiration to provide written notice of their decision to purchase the business.
If All County chooses not to exercise its option to purchase the business, the franchisee has specific obligations. Within 30 days after the Notification Date, the franchisee must deliver all signs, marketing materials, and other items containing All County's marks to the company. Additionally, after the Notification Date, the franchisee must alter the business's appearance to clearly distinguish it from its former appearance and from other All County businesses.
Furthermore, after the Notification Date, the franchisee is required to notify the telephone company and directory publishers about the termination or expiration of their right to use any telephone numbers or listings associated with All County's marks. They must also authorize the transfer of such numbers and listings to All County or forward calls as directed by the company. This ensures a clean break and prevents confusion among customers after the franchise agreement ends.