How is a 'Business Day' defined for the purposes of the Anago Unit Franchise Agreement?

According to Anago's 2025 Franchise Disclosure Document, a 'Business Day' is defined within the context of the Anago Unit Franchise Agreement. Specifically, it refers to any day that is not a Saturday, Sunday, or a U.S. national holiday. This definition is important because various obligations and deadlines within the franchise agreement may be tied to 'Business Days,' affecting when actions must be taken or payments must be made.

For a prospective Anago franchisee, understanding this definition is crucial for managing the administrative and financial aspects of their franchise. For example, if a payment is due within five business days, the franchisee needs to calculate the deadline excluding weekends and national holidays. This ensures compliance with the agreement and avoids potential penalties or defaults.

This definition is fairly standard in franchise agreements and business contracts in general. It sets clear expectations for both the franchisor and franchisee regarding timelines for required actions, helping to prevent misunderstandings or disputes related to timing. Franchisees should carefully review all clauses in the Anago Unit Franchise Agreement that reference 'Business Days' to fully understand their obligations and deadlines.