How is the 'Agreement Date' defined for the Anago Subfranchise Rights Agreement?

According to Anago's 2025 Franchise Disclosure Document, the 'Agreement Date' in the context of the Anago Subfranchise Rights Agreement is specifically defined as the date when the President of Anago executes the agreement. This is a crucial detail as it establishes the starting point for various timelines and obligations within the agreement, such as the 10-year term.

For a prospective Anago subfranchisee, understanding this definition is important because it clarifies exactly when the agreement becomes legally binding. The subfranchisee's rights and responsibilities, as well as Anago's, begin on this date. This date also marks the commencement of the 10-year term of the agreement, which affects renewal options and other time-sensitive provisions.

It is common in franchising for the agreement date to be tied to the execution by an authorized representative of the franchisor, as this signifies the franchisor's formal acceptance of the franchisee into their system. Subfranchisees should confirm that the date is accurately recorded on all copies of the agreement to avoid any future disputes regarding the agreement's term or effective period.