What is the 'Effective Date' in the context of the Brightstar Care Standard Resale Addendum?
Brightstar_Care Franchise · 2025 FDDAnswer from 2025 FDD Document
HOUT DURESS, AND ONLY AFTER CONSIDERATION OF THIS WAIVER'S RAMIFICATIONS.
PERSONAL GUARANTORS:
| | (signature) | | | (signature) | | |------|--------------------------|----------|------|--------------------------|----------| | | Print Name, Individually Address | | | Print Name, Individually Address | | | City | State Telephone | Zip Code | City | State Telephone | Zip Code |
EXHIBIT F
ADDENDUM TO FRANCHISE AGREEMENT
| This first addendum (the "Addendum") to the BrightStar Franchising, LLC Agency | ||
|---|---|---|
| Franchise Agreement is made and entered into as of | ||
| (the "Effective Date") | ||
| by and between BrightStar Franchising, LLC, an Illinois limited liability company with its | ||
| principal place of business at 2275 Half Day Road, Suite 210, Bannockburn, Illinois 60015 ("we," | ||
| "us," or "our"), and, with an address at | ||
| ("you" or "your"). All capitalized terms not defined in this Addendum have the meanings ascribed | ||
| to them in the Franchise Agreement (defined below). |
Source: Item 22 — CONTRACTS (FDD pages 117–118)
What This Means (2025 FDD)
According to Brightstar Care's 2025 Franchise Disclosure Document, the 'Effective Date' in the context of the standard resale addendum refers to the date the addendum to the BrightStar Franchising, LLC Agency Franchise Agreement is made and entered into. This addendum modifies the original Franchise Agreement when a franchisee purchases an existing BrightStar Care franchise.
The addendum clarifies that its terms will take precedence over any conflicting terms in the original Franchise Agreement. This ensures that the resale transaction is governed by the most current and relevant conditions agreed upon by all parties involved.
Prospective Brightstar Care franchisees should pay close attention to the Effective Date, as it marks the point from which the new terms and conditions of the addendum apply. This includes any changes to performance standards or other operational requirements. Understanding the Effective Date is crucial for ensuring compliance and managing the franchise effectively after the resale.