In the signature section for Beard Papas, what date is required for both the Assignee and Assignor?

According to the 2025 Beard Papas FDD, the franchise agreement includes a Site Selection Acknowledgment. This document requires a date to be entered for the franchisor, Muginoho International, Inc., upon signing. The excerpt does not specify a date requirement for the franchisee (Assignor) in this section.

This Site Selection Acknowledgment confirms that the franchisee has identified a potential location for their Beard Papas shop. However, it explicitly states that the site selection area is not a designated territory and does not guarantee approval of the location or grant any territorial rights. The acknowledgment becomes effective once the franchisor dates and signs it; otherwise, the addendum is not effective, and no site selection area is established.

Prospective franchisees should note that this acknowledgment is time-sensitive, as the franchisor's exclusive right to grant licenses in the site selection area expires 60 calendar days after the Site Selection Acknowledgment Date. If the franchisor does not complete the Site Selection Acknowledgment Date and sign the document, the Site Selection Addendum is not effective.

It is important for potential Beard Papas franchisees to discuss with the franchisor the specific requirements and implications of the Site Selection Acknowledgment, particularly regarding the timeline and conditions for establishing a site selection area. Franchisees should also clarify whether a corresponding date is required for the franchisee's signature on any related documents.