Within how many days of the Effective Date must an Aplus franchisee procure the required insurance?

Based on the 2024 Aplus Franchise Disclosure Document, the timeframe within which a new franchisee must secure the necessary insurance coverage relative to the Effective Date of the franchise agreement is not explicitly detailed in the provided excerpts. However, the document does emphasize the franchisee's obligation to 'obtain and maintain' the required insurance policies.

Item 15 within the Aplus FDD outlines the insurance requirements for franchisees, including the types and amounts of coverage necessary to protect both the franchisee's business and the Aplus brand. It also states that Aplus has the right to increase the minimum liability protection requirement annually.

Given the absence of a specific deadline, prospective Aplus franchisees should directly consult the franchisor to clarify the exact number of days they have to obtain the required insurance from the Effective Date. Understanding this timeline is crucial for ensuring compliance with the franchise agreement and avoiding potential penalties or breaches of contract.