In Rider A, what year is used as a placeholder for the agreement date for Big Apple Bagels?
Big_Apple_Bagels Franchise · 2025 FDDAnswer from 2025 FDD Document
| This Addendum is to a BAGELS Franchise Agreement | dated , 20 between |
|---|---|
| BAB Systems, Inc. and | (Franchisee) to amend said Agreement as |
Source: Item 23 — RECEIPTS (FDD pages 87–319)
What This Means (2025 FDD)
According to Big Apple Bagels' 2025 Franchise Disclosure Document, Rider A uses "20" as a placeholder year for the agreement date. This means that in the franchise agreement addendum, where the date should be specified, the year is represented by "20".
This placeholder indicates that when the addendum is finalized, the actual year of the agreement will need to be filled in. This is a common practice in legal documents to ensure that all parties are aware that the date is a critical piece of information that must be accurately completed before the agreement becomes binding.
Prospective franchisees should pay close attention to such details and ensure that all blanks and placeholders are properly filled in with accurate information before signing any franchise agreement or related documents. This attention to detail can help avoid potential misunderstandings or disputes in the future.