What is the significance of the 'Agreement Date' in the Anago Unit Franchise Agreement?
Anago Franchise · 2025 FDDAnswer from 2025 FDD Document
THIS AGREEMENT AND ALL BUSINESS DEALINGS BETWEEN YOU AND ANY INDIVIDUALS AS A RESULT OF THIS AGREEMENT, ARE ONLY BETWEEN YOU AND US.**
- **(c) WE MAKE NO WARRANTY AS TO YOUR ABILITY TO OPERATE THE ANAGO UNIT FRANCHISE IN THE JURISDICTION WHERE THE ANAGO UNIT FRANCHISE IS TO BE OPERATED. IT IS YOUR OBLIGATION TO SEEK OR OBTAIN ADVICE OF COUNSEL SPECIFICALLY ON THIS ISSUE. IF LEGISLATION ENACTED B
Source: Item 23 — RECEIPTS (FDD pages 62–298)
What This Means (2025 FDD)
According to Anago's 2025 Franchise Disclosure Document, the 'Agreement Date' is defined as the date the Anago Unit Franchise Agreement is signed. This date is significant because it marks the commencement of the 5-year term of the agreement, as detailed in Section 16.1.
The 'Agreement Date' serves as the starting point for calculating various deadlines and obligations outlined in the franchise agreement. For instance, the franchisee's option to obtain a Successor Anago Unit Franchise Agreement requires written notice of intention to exercise the option between 9 and 12 months before the end of the initial term. This timeframe is directly linked to the 'Agreement Date'.
Furthermore, the 'Agreement Date' is relevant to the receipt and confidentiality of information. According to Section 6.4, any confidential information received before the 'Agreement Date' is considered to have been disclosed by Anago, while the franchisee has a 30-day window after receiving confidential information post 'Agreement Date' to object to its classification as confidential. Therefore, understanding the 'Agreement Date' is crucial for Anago franchisees to manage their rights and responsibilities effectively throughout the franchise term.