For Bevaris Alliance, what is the definition of 'Business Day' in terms of holidays?

According to the 2024 Bevaris Alliance Franchise Disclosure Document, a 'Business Day' is defined specifically for the franchise agreement. It is any day other than a Saturday, Sunday, or public holiday in California. The definition also specifies that banks in Los Angeles, California, must be open for business on that day for it to be considered a 'Business Day'.

This definition is important for franchisees as it dictates the days on which certain business operations or obligations outlined in the franchise agreement are expected to be fulfilled. For example, deadlines, payment schedules, or other time-sensitive actions may be tied to 'Business Days'.

By explicitly referencing California holidays and the operational status of banks in Los Angeles, the definition provides clarity and avoids potential ambiguity. Franchisees should be aware of this definition and how it may impact their responsibilities and timelines under the franchise agreement. This is a fairly standard clause in franchise agreements to ensure clarity on deadlines and operational requirements.