As of this Aplus FDD, what is the effective date for the franchise agreement in Illinois?
Aplus Franchise · 2024 FDDAnswer from 2024 FDD Document
The following states have franchise laws that require that the Franchise Disclosure Document be registered or filed with the state, or be exempt from registration: California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Rhode Island, South Dakota, Virginia, Washington, and Wisconsin.
This document is effective and may be used in the following states, where the document is filed, registered or exempt from registration, as of the Effective Date stated below:
Source: Item 22 — CONTRACTS (FDD page 68)
What This Means (2024 FDD)
According to Aplus's 2024 Franchise Disclosure Document, Exhibit J lists state effective dates. The document is effective and may be used in certain states, including Illinois, where it is filed, registered, or exempt from registration. However, the specific effective date for Illinois is not provided in the excerpt.
Item 22 includes addenda and amendments specific to Illinois, addressing legal requirements and modifications to franchise agreement terms to comply with the Illinois Franchise Disclosure Act. These amendments cover aspects such as waiver of compliance, jurisdiction, governing law, and franchisee rights upon termination or non-renewal.
Prospective Aplus franchisees in Illinois should verify the effective date with Aplus to ensure compliance with state regulations. Understanding the state-specific addenda is crucial for franchisees in Illinois, as these provisions modify the standard franchise agreement to align with Illinois law, impacting their rights and obligations.