In the Brightstar Care franchise agreement addendum, what does 'Execution Date' refer to?
Brightstar_Care Franchise · 2025 FDDAnswer from 2025 FDD Document
of which shall constitute an original copy.
IN WITNESS WHEREOF, the parties hereto, intending to be legally bound hereby, have duly executed and delivered this Agreement the date and year set forth below.
| Fiscal year ended | 2024 | 2023 | | |---|---|---|---|
EXHIBIT M
MICROSOFT TEAMS ENTERPRISE/ONE-DRIVE/WEB VERSION OFFICE 365 E1 PACKAGE OPT-IN ADDENDUM
MICROSOFT TEAMS ENTERPRISE/ONE-DRIVE/WEB VERSION OFFICE 365 E1 PACKAGE
OPT-IN ADDENDUM
TO
BRIGHTSTAR FRANCHISING, LLC AGENCY FRANCHISE AGREEMENT
, [Add Parent Location] [And (list each child location)]
| This addendum (the "Addendum") to the BrightStar Franchising, LLC Agency Franchise |
|---|
| Agreement is made and entered into as of (the "Execution 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, IL 60015 ("we," "us," or "our"), and |
| BUSINESS NAME IN FA, with an address at CURRENT BUSINESS ADDRESS ("you" or "your"). |
BACKGROUND
- A.
Source: Item 23 — RECEIPTS (FDD pages 118–387)
What This Means (2025 FDD)
According to Brightstar Care's 2025 Franchise Disclosure Document, the 'Execution Date' in the addendum to the BrightStar Franchising, LLC Agency Franchise Agreement refers to the date the addendum is made and entered into. The addendum is between BrightStar Franchising, LLC and the franchisee. The addendum becomes effective on the date that BrightStar Care signs it.
This means that the 'Execution Date' is essentially the signing date of the addendum, marking the point when both parties agree to the amended terms. However, the 'Effective Date,' when the addendum actually comes into force, is specifically tied to when BrightStar Care affixes its signature. This distinction is important because it clarifies that the agreement isn't fully active until Brightstar Care formally approves it.
For a prospective Brightstar Care franchisee, understanding the difference between the Execution Date and the Effective Date is crucial. While the franchisee may sign the addendum on a particular date (the Execution Date), the terms of the addendum don't take effect until BrightStar Care also signs it (the Effective Date). This could impact the timing of certain obligations or benefits outlined in the addendum, so franchisees should pay close attention to when BrightStar Care signs the document.