What is the effective date of the Beem Light Sauna franchise agreement?
Beem_Light_Sauna Franchise · 2025 FDDAnswer from 2025 FDD Document
THIS AGREEMENT (this "Agreement") is made and entered into as of the date set forth on Appendix A of this Agreement (the "Effective Date") (Appendix A and all appendices and schedules attached to this Agreement are hereby incorporated by this reference) between Beem Franchisor LLC, a Delaware limited liability company with its principal place of business at 4000 MacArthur Blvd., Suite 800, Newport Beach, California 92660 ("Franchisor"), and the person or entity identified in Appendix A as the franchisee ("Franchisee") with its principal place of business as set forth in Appendix A. In this Agreement, "we," "us," and "our" refers to Franchisor. "You" and "your" refers to Franchisee.
Source: Item 23 — RECEIPT (FDD pages 71–230)
What This Means (2025 FDD)
According to the 2025 Beem Light Sauna Franchise Disclosure Document, the effective date of the franchise agreement is determined by the date specified in Appendix A of the agreement. This means that the franchise agreement officially comes into effect on the date recorded in the franchisee-specific terms outlined in Appendix A.
For a prospective Beem Light Sauna franchisee, this indicates that they should pay close attention to Appendix A when reviewing the franchise agreement. The 'Effective Date' noted there is the day on which their obligations and the franchisor's obligations legally begin. This date could be tied to various milestones such as signing the agreement, completing training, or opening the studio.
It is important for the franchisee to understand the implications of this date, as it marks the commencement of the franchise term and triggers various contractual obligations. The franchisee should clarify with Beem Light Sauna what events or conditions must be met for the date in Appendix A to be valid and what happens if those conditions are not met.