What is the effective date of this addendum to the Big Apple Bagels franchise agreement?
Big_Apple_Bagels Franchise · 2025 FDDAnswer from 2025 FDD Document
on in a BAGELS Franchise Agreement that designates jurisdiction and venue in a forum outside of the State of Illinois However, a BAGELS Franchise Agreement may provide for arbitration to take place Il
Source: Item 23 — RECEIPTS (FDD pages 87–319)
What This Means (2025 FDD)
According to the 2025 Big Apple Bagels Franchise Disclosure Document, the addendum to the franchise agreement becomes effective the day it is signed. The specific date, however, is not pre-filled in the document. The franchisee and franchisor must fill in the day and year when signing the addendum to the Big Apple Bagels franchise agreement.
This means that the addendum's provisions, which modify the original franchise agreement, will be legally binding from the date of signing. This is a standard practice in franchising, ensuring that both parties are immediately bound by the updated terms.
Prospective Big Apple Bagels franchisees should pay close attention to the date they sign the addendum, as this marks the commencement of the addendum's effect. They should also ensure that the date is accurately recorded on all copies of the document to avoid any future disputes regarding the effective date.