What is the definition of 'Effective Date' in the Addendum to the Franchise Agreement for Beef O Bradys?
Beef_O_Bradys Franchise · 2025 FDDAnswer from 2025 FDD Document
20 (the "Effective Date") between FSC FRANCHISE CO., LLC, a Delaware limited liability company ("we," "us," "our" or "Franchisor") with its principal office at 5660 W.
Cypress Street, Suite A, Tampa, Florida 33607, and , whose principal place of business is ("you," "your" or "Franchisee") (collectively the "Parties").
RECITALS WHEREAS, the Parties entered into that certain Franchise Agreement dated , 20 (the "Franchise Agreement"), pursuant to which you agreed, among other things, to own and operate a Beef 'O' Brady's® Family Sports Pub (the "Family Sports Pub") at an Approved Location.
WHEREAS, the Franchise Agreement is in full force and effect and, as of the Effective Date of this Addendum, Franchisor has sent no official notice of default to Franchisee under the Franchise Agreement that remains uncured on the date hereof.
Source: Item 23 — RECEIPTS. (FDD pages 66–330)
What This Means (2025 FDD)
According to Beef O Bradys' 2025 Franchise Disclosure Document, the Effective Date in the context of the Addendum to Franchise Agreement for franchisees obtaining SBA assisted financing is the date specified in the agreement. Specifically, the addendum states that it is made as of a certain date in 20(the "Effective Date"). This addendum is between FSC FRANCHISE CO., LLC, referred to as "we," "us," "our" or "Franchisor," and the franchisee, referred to as "you," "your" or "Franchisee."
The addendum indicates that the parties have entered into a Franchise Agreement dated a certain date in 20, under which the franchisee agreed to own and operate a Beef O' Brady's Family Sports Pub at an Approved Location. The Effective Date is important because it signifies when the terms and conditions outlined in the addendum officially come into force, modifying or supplementing the original Franchise Agreement.
For a prospective Beef O Bradys franchisee, understanding the Effective Date is crucial as it marks the starting point for any changes or additions to their franchise agreement related to SBA financing. It also confirms that as of this date, the Franchise Agreement is in full force and effect, and the franchisor has not sent any official notice of default to the franchisee that remains unresolved.