When does the Beggars Pizza agreement become effective?
Beggars_Pizza Franchise · 2025 FDDAnswer from 2025 FDD Document
The Agreement will become effective on the Agreement Date and, except as otherwise provided in the Agreement, will remain in full force and effect until the sooner of the expiration or termination of the Franchise Agreement (the "Term"). The Agreement will automatically terminate upon the termination of the Franchise Agreement. Either party will have the right to terminate the Agreement upon thirty (30) days prior written notice and opportunity to cure if a material default by the other party occurs.
Source: Item 23 — RECEIPT (FDD pages 39–192)
What This Means (2025 FDD)
According to the 2025 Beggars Pizza Franchise Disclosure Document, the agreement between the Franchisee and Supplier becomes effective on the "Agreement Date". The agreement remains in effect until the franchise agreement expires or is terminated. Termination of the franchise agreement automatically terminates the supplier agreement. Either party can terminate the agreement with thirty days written notice if the other party defaults.
The agreement date is determined by the date it is signed by both parties. The current purchase price for each product charged by the supplier and paid by the franchisee is set forth in Exhibit A as of the agreement date.
Prospective Beggars Pizza franchisees should note that the supplier agreement is directly tied to the franchise agreement. Any issues that lead to the termination of the franchise agreement will also terminate the supplier agreement. It is important for franchisees to understand the terms and conditions of both agreements to ensure compliance and avoid potential defaults.