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What date must be included in the 'IN WITNESS WHEREOF' section of the Collateral Assignment of Lease for an Aw franchise?

Q: What date must be included in the 'IN WITNESS WHEREOF' section of the Collateral Assignment of Lease for an Aw franchise?

| day of, 20 | IN WITNESS WHEREOF, Assignor and Assignee have affixed their signatures hereon this | |---------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------| Source: Item 22 — CONTRACTS (FDD pages 39–40)

Aw Franchise · 2025 FDD

Answer from 2025 FDD Document

day of, 20	IN WITNESS WHEREOF, Assignor and Assignee have affixed their signatures hereon this

Source: Item 22 — CONTRACTS (FDD pages 39–40)

What This Means (2025 FDD)

According to Aw's 2025 Franchise Disclosure Document, the 'IN WITNESS WHEREOF' section of the Collateral Assignment of Lease requires a date. Specifically, the document states that the Assignor and Assignee must affix their signatures on a particular day of a given year.

This date is essential for legally binding the Collateral Assignment of Lease. It signifies the exact moment when both parties agree to the terms outlined in the assignment, which involves the franchisee (Assignor) assigning their lease to Rayyan Pizza Franchise LLC (Assignee) as collateral.

The inclusion of this date ensures clarity and precision in the agreement, preventing potential disputes or ambiguities regarding the effective period of the collateral assignment. It also aligns with standard legal practices, where dating a contract is a fundamental element for its enforceability and validity.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.

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