factual

What is the date of the Franchise Agreement(s) referenced in the Bumble Roofing promissory note?

Q: What is the date of the Franchise Agreement(s) referenced in the Bumble Roofing promissory note?

- 8. This Note constitutes part performance of a certain written Franchise Agreement(s) between maker and [ENTITY NOTEHOLDER] dated [DATE OF FRANCHISE AGREEMENT(S)] and as such, will be read and interpreted in a manner consistent with the terms of said agreement. Default under the terms of this Note will be sufficient grounds for termination or cancellation of the Franchise Agreement(s) in accordance with the terms of the Franchise Agreement(s). Source: Item 23 — RECEIPT (FDD pages 53–188)

Bumble_Roofing Franchise · 2025 FDD

Answer from 2025 FDD Document

1. This Note constitutes part performance of a certain written Franchise Agreement(s) between maker and [ENTITY NOTEHOLDER] dated [DATE OF FRANCHISE AGREEMENT(S)] and as such, will be read and interpreted in a manner consistent with the terms of said agreement. Default under the terms of this Note will be sufficient grounds for termination or cancellation of the Franchise Agreement(s) in accordance with the terms of the Franchise Agreement(s).

Source: Item 23 — RECEIPT (FDD pages 53–188)

What This Means (2025 FDD)

According to Bumble Roofing's 2025 Franchise Disclosure Document, the promissory note constitutes part performance of a written Franchise Agreement(s) between the maker and the entity noteholder. The Franchise Agreement(s) is dated [DATE OF FRANCHISE AGREEMENT(S)].

This means that the promissory note is directly linked to and dependent upon the Franchise Agreement. The terms of the Franchise Agreement will influence how the promissory note is interpreted.

Furthermore, according to the FDD, if the franchisee defaults on the promissory note, it can be grounds for Bumble Roofing to terminate or cancel the Franchise Agreement(s), as per the terms outlined in the Franchise Agreement(s). Prospective franchisees should carefully review the terms of both the Franchise Agreement and the Promissory Note to understand their obligations and the potential consequences of default.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.

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