For Beef O Bradys, what is considered the 'Effective Date' of the Franchise Agreement?
Beef_O_Bradys Franchise · 2025 FDDAnswer from 2025 FDD Document
2. GRANT AND TERM.
- 2.1 Term. The term of the Franchise and this Agreement begins on the Effective Date and expires 10 years from the date of your executed lease or purchase agreement giving you property control over the Site of your Family Sports Pub. This Agreement may be terminated before it expires in accordance with its terms.
Source: Item 23 — RECEIPTS. (FDD pages 66–330)
What This Means (2025 FDD)
According to the 2025 Beef O Bradys FDD, the 'Effective Date' marks the commencement of the franchise agreement. The term of the Franchise and the Franchise Agreement begins on the Effective Date and extends for 10 years from the date the franchisee executes their lease or purchase agreement, which gives them property control over the site of their Family Sports Pub. The agreement can be terminated earlier if the terms of the agreement are not met.
This date is significant because it triggers the franchisee's rights and obligations under the agreement. For instance, Beef O Bradys grants the franchisee the right to operate a Family Sports Pub at the specified site, use the brand's marks, and utilize the System, but only from the effective date forward. The franchisee must also diligently perform their obligations to promote the Family Sports Pub from this date.
Furthermore, the 'Effective Date' is referenced in an addendum to the franchise agreement for franchisees obtaining SBA assisted financing. This addendum confirms that the original Franchise Agreement is in full force and effect as of the Effective Date of the addendum, provided that Beef O Bradys has not sent any uncured notice of default to the franchisee.