How is 'Business Day' defined within the Anago Subfranchise Rights Agreement?

According to Anago's 2025 Franchise Disclosure Document, a "Business Day" is defined specifically within the context of the Anago Subfranchise Rights Agreement. This definition excludes Saturdays, Sundays, and U.S. national holidays. This definition is important because it dictates the timelines for various obligations and actions within the agreement.

For a prospective Anago subfranchisee, understanding this definition is crucial. For example, if a payment is due within a certain number of business days, the franchisee needs to know that weekends and holidays are not counted. This could affect when payments need to be sent to avoid late fees or potential default. Similarly, if Anago needs to respond to a request within a certain timeframe, the franchisee can expect that the response time will be calculated excluding these days.

This definition is fairly standard in franchise agreements. Most franchisors use a similar definition to ensure clarity and consistency in their dealings with franchisees. Franchisees should always pay close attention to defined terms like "Business Day" as they can have a significant impact on their rights and responsibilities under the franchise agreement.