When does the Bombs Away franchise agreement become effective?

According to Bombs Away's 2024 Franchise Disclosure Document, the franchise agreement becomes effective as of the date it is signed by Bombs Away Franchising, LLC. This "Effective Date" marks the commencement of the agreement between Bombs Away Franchising and the franchisee.

This means that the franchisee's obligations and rights under the agreement begin on the date Bombs Away Franchising signs the document, not necessarily when the franchisee signs or when the business commences operations. It is important for prospective franchisees to understand this distinction, as certain obligations, such as maintaining confidentiality or beginning training, may be triggered from this Effective Date.

Franchisees should confirm the exact date of signing by Bombs Away Franchising and keep a record of the fully executed agreement. This date is crucial for calculating the term of the agreement, which, according to Article 3.1, continues for 10 years from the Effective Date. Franchisees should also be aware of any obligations that arise immediately upon the agreement taking effect.