What is the significance of the 'Effective Date' in the Asset Purchase Agreement for a Beverly Anns Cookie franchise?
Beverly_Anns_Cookie Franchise · 2025 FDDAnswer from 2025 FDD Document
This Amendment is made and entered into as of the effective date listed in the signature block ("Effective Date") by and between Mobile Cookie Company, LLC, a Delaware limited liability company ("Franchisor") and the Franchisee identified on the signature block below ("Franchisee"), with reference to the following facts:
- A. The parties have entered into a Beverly Ann's Cookies franchise agreement pursuant to which Franchisee will operate a Beverly Ann's Cookies Franchise ("Franchise Agreement").
- B. Subject to the conditions of the Franchise Agreement, Franchisee has the option to purchase additional Beverly Ann's Cookies equipment ("Additional Equipment") for use in the Franchisee's Protected Territory.
- C. The parties hereto desire to amend the Franchise Agreement as set forth herein. Unless defined herein, all capitalized terms used herein shall have the meaning in the Franchise Agreement.
Source: Item 22 — CONTRACTS (FDD page 57)
What This Means (2025 FDD)
Based on the 2025 Franchise Disclosure Document, the 'Effective Date' is a crucial element in various agreements related to a Beverly Anns Cookie franchise. For instance, in the Sample Additional Equipment Amendment to the Franchise Agreement, the amendment is made and entered into as of the effective date listed in the signature block. This date marks when the terms of the amendment, such as purchasing additional equipment and paying the associated royalties, become active and binding.
Similarly, in the Franchise Agreement Transfer Addendum, the 'Effective Date,' exemplified as 7/17/2025, signifies the date on which the transfer of the franchise agreement becomes official between Mobile Cookie Company, LLC and the new franchisee. This date is critical because it formally recognizes the franchisee's status as a transferee and initiates their rights and obligations under the amended Franchise Agreement.
Furthermore, the 'Effective Date' also appears in the Skinny Upfit Amendment to the Franchise Agreement, marking when the terms of the amendment regarding the GRM (Beverage Entertainment Vehicle) upfit come into effect. The deadline to sign a Franchise Agreement for a Reserved Business is no later than one year from the Effective Date. Therefore, the 'Effective Date' serves as a key reference point for determining timelines, obligations, and the commencement of rights and responsibilities within the franchise relationship.