What is the effective date of the Confidentiality and Non-Competition Agreement for Bananas Smoothies Frozen Yogurt?
Bananas_Smoothies_Frozen_Yogurt Franchise · 2025 FDDAnswer from 2025 FDD Document
IN WITNESS WHEREOF, the parties have executed this Agreement on the dates set forth below. Upon execution and delivery by both parties, the effective date of this Agreement shall be deemed to be the day and year first above written.
Source: Item 23 — RECEIPT (FDD pages 58–231)
What This Means (2025 FDD)
According to the 2025 Bananas Smoothies Frozen Yogurt FDD, the effective date of the Confidentiality and Non-Competition Agreement is determined upon execution and delivery by both parties involved. Specifically, the agreement becomes effective on the day and year that is initially written in the document.
This means that once both the officer/employee and the developer have signed and delivered the agreement, the date specified at the beginning of the document is considered the official start date. This date marks when the terms and conditions of the agreement, including confidentiality and non-competition clauses, come into force.
Prospective Bananas Smoothies Frozen Yogurt franchisees should pay close attention to this date, as it dictates when their obligations under the agreement begin. It's also important to ensure that the date is accurately recorded on the document to avoid any potential disputes regarding the agreement's effective period.