Under the Beggars Pizza Commissary Agreement, what is the 'Agreement Date' defined as?
Beggars_Pizza Franchise · 2025 FDDAnswer from 2025 FDD Document
| entered into on | (the "Agreement Date"), by and between |
|---|---|
| , 20 |
Source: Item 23 — RECEIPT (FDD pages 39–192)
What This Means (2025 FDD)
According to the 2025 Beggars Pizza Franchise Disclosure Document, the 'Agreement Date' under the Beggars Pizza Commissary Agreement refers to the date the agreement is entered into. Specifically, it is the date that the agreement is made by and between the supplier and the franchisee. This date is important because it marks the commencement of the agreement and is referenced in other sections of the agreement, such as determining the purchase price of products.
The agreement specifies that it becomes effective on the 'Agreement Date' and remains in effect until the earlier of the expiration or termination of the Franchise Agreement. The current purchase price for each product charged by the supplier and paid by the franchisee is set as of the 'Agreement Date,' as detailed in Exhibit A. This means that the franchisee will be subject to the prices listed in Exhibit A from the moment the agreement takes effect.
Beggars Pizza franchisees should pay close attention to the 'Agreement Date' as it establishes the starting point for various obligations and timelines within the Commissary Agreement. It is also important to note that the supplier may make adjustments to the prices after the 'Agreement Date,' so franchisees need to stay informed about any changes to the product prices.