When does the Azal Coffee Franchise Agreement become effective?

Based on the 2024 Azal Coffee Franchise Disclosure Document, the Franchise Agreement is terminated as of the effective date of the agreement. This clause appears in the context of a transfer of the franchise to a new buyer. The existing franchisee agrees to the termination as part of the transfer process.

In practical terms, this means that the moment the transfer agreement becomes effective, the previous franchisee's rights and obligations under the original Franchise Agreement cease. The new franchisee then assumes the rights and obligations under a new Franchise Agreement or an amended version of the existing one.

This is a standard procedure in franchising to ensure a clean transition of ownership and responsibilities. The outgoing franchisee must discontinue using Azal Coffee's intellectual property and systems, while the incoming franchisee begins operating under the new agreement.