On what date does the initial term of the Buff City Soap franchise agreement expire?
Buff_City_Soap Franchise · 2025 FDDAnswer from 2025 FDD Document
- (a) Initial Term.
The Initial Term will commence on the Effective Date of this Agreement and expire on the tenth (10th) anniversary of the Opening Date of the Makery.
Source: Item 23 — Receipts (FDD pages 69–186)
What This Means (2025 FDD)
According to the 2025 Buff City Soap Franchise Disclosure Document, the initial term of the franchise agreement commences on the effective date of the agreement and extends until the tenth anniversary of the Makery's opening date.
This means that the franchise agreement lasts for ten years, starting from when the Buff City Soap store first opens for business. The 'Effective Date' refers to the date when both parties (Buff City Soap and the franchisee) sign the franchise agreement, but the term length is tied to the store's opening date, not the signing date.
For a prospective franchisee, this indicates that the agreement's duration is directly linked to the operational start of their Buff City Soap location. It is important to note the opening date of the store to accurately determine when the initial term will expire. Franchisees also have the option to continue operating the Makery for two consecutive Successor Terms if they meet certain conditions.