What is the definition of 'Agreement Date' in the context of the Aw franchise agreement?
Aw Franchise · 2025 FDDAnswer from 2025 FDD Document
| This | Franchise | Agreement | (the | "Agreement") | is | being | entered | as | of |
|---|---|---|---|---|---|---|---|---|---|
| , 20 (the "Agreement Date"). | The parties to this | ||||||||
| Agreement are you,, as Franchisee, and us (Rayyan | |||||||||
| Pizza Franchise LLC, | an Illinois limited liability company) of 33 W. Higgins, Suite 1050, South | ||||||||
| Barrington, IL 60010 and, if you are a partnership, limited liability company or corporation, your | |||||||||
| "Owners" (defined below). |
Source: Item 22 — CONTRACTS (FDD pages 39–40)
What This Means (2025 FDD)
According to Aw's 2025 Franchise Disclosure Document, the 'Agreement Date' is the date on which the franchise agreement is executed. Specifically, the FDD states that the franchise agreement is entered into as of a particular date, which is designated as the "Agreement Date."
The Agreement Date is significant because it marks the commencement of the franchise term. The franchise agreement grants the franchisee the right to operate an Aw restaurant for a period of ten years, starting from the Agreement Date. This date is crucial for determining the duration of the franchise and the obligations of both the franchisor and franchisee during that period.
Prospective Aw franchisees should pay close attention to the Agreement Date, as it establishes the start of their contractual obligations and the timeline for their franchise operations. Understanding this date is essential for managing the franchise term and planning for renewal or termination of the agreement.