In the Amorino franchise agreement, what is the 'Opening Date' defined as?
Amorino Franchise · 2025 FDDAnswer from 2025 FDD Document
- A. Opening Date. You must build out the Store in conformance with our specifications and open the Franchised Business within one hundred eighty days after you have purchased or leased an approved Franchise Location. ("Opening Date"). If you fail to complete the build out and open the Franchise Business within this time frame, we may terminate this Agreement without refunding any fees to you.
- B. Amorino Consent and Conditions to Opening. Our prior written consent is required for the opening of the Store. Prior to our giving such consent, the following conditions must be met:
- (1) you have paid all amounts owed to Amorino under this Agreement as of the Opening Date;
- (2) the Store has been designed, constructed and equipped according to Amorino's standards and specifications;
- (3) you have completed the initial training program to our satisfaction;
- (4) you have provided us with a signed electronic funds transfer authorization described in Section 6.M by no later than the Site Selection Date;
- (5) you have provided us with the required policy of insurance as described in Section 14.B;
- (6) Each Principal and their spouse or domestic partner shall have delivered to Amorino a guaranty in the form attached hereto as Attachment B; and
- (7) you are otherwise in compliance under this Agreement.
Source: Item 22 — CONTRACTS (FDD pages 80–81)
What This Means (2025 FDD)
According to the 2025 Amorino Franchise Disclosure Document, the 'Opening Date' is defined as the date by which a franchisee must have their store built out according to Amorino's specifications and opened for business. This must occur within 180 days after the franchisee has purchased or leased an approved franchise location.
If an Amorino franchisee fails to complete the build-out and open their franchise within this 180-day timeframe, Amorino has the right to terminate the franchise agreement. In the event of termination, Amorino will not refund any fees paid by the franchisee.
Prior to opening, the franchisee must obtain Amorino's written consent, which is contingent upon meeting several conditions. These conditions include paying all outstanding amounts owed to Amorino, ensuring the store's design and construction meet Amorino's standards, completing the initial training program to Amorino's satisfaction, providing a signed electronic funds transfer authorization, providing the required insurance policy, delivering guaranties from each principal and their spouse or domestic partner, and otherwise being in compliance with the franchise agreement.