What is the 'Effective Date' referring to in the Bumper Man Certified Technician Addendum?
Bumper_Man Franchise · 2025 FDDAnswer from 2025 FDD Document
n, Inc., 1432 Airport Blvd, Mesquite, TX, 75181. Capitalized terms not defined in this Exhibit E have the meanings set forth in the Agreement.
Garage Liability Insurance
Garage Liability Insurance policy with a minimum each occurrence policy limit of $1,000,000.
Garage Keepers Insurance
Garage Keepers Insurance policy with a required limit per vehicle of $50,000.
Commercial Vehicle Insurance
Commercial Vehicle Insurance policy with a combined single policy limit of $500,000.
EXHIBIT F TO FRANCHISE AGREEMENT CERTIFIED TECHNICIAN ADDENDUM
CERTIFIED TECHNICIAN ADDENDUM TO BUMPER MAN FRANCHISE AGREEMENT
| This Certified Technician Addendum to Bumper Man Franchise Agreement ("Addendum") is effective as of, 20 (the "Effective Date") by and among Bumper Man, Inc. ("Franchisor"), and ("Franchisee"), ("Principal") and ("Certified Technician"). Franchisor, Franchisee, Principal and Certified Technician are collectively referred to as "Parties" in this Addendum. |
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| INTRODUCTION. |
Source: Item 23 — RECEIPTS (FDD pages 45–180)
What This Means (2025 FDD)
According to the 2025 Bumper Man Franchise Disclosure Document, the Effective Date in the Certified Technician Addendum refers to the date on which the addendum becomes active. The addendum is an agreement among Bumper Man Inc. (the Franchisor), the Franchisee, the Principal, and the Certified Technician. This date marks the commencement of the terms and conditions outlined in the addendum, which supplements the existing Bumper Man Franchise Agreement.
The term of the Certified Technician Addendum commences on the Effective Date and typically lasts for two years, unless the addendum or the Franchise Agreement is terminated earlier according to Section 18 of the Franchise Agreement. Upon expiration, termination, or transfer of the Franchise Agreement, the addendum also terminates immediately. The Certified Technician has the option to renew the addendum for two additional two-year terms, provided they meet the conditions set by Bumper Man, as detailed in Section 3(b) of the Franchise Agreement.
This date is important because it sets the timeline for the Certified Technician's rights and obligations under the addendum. It also affects renewal options and the application of the initial franchise fee if the Certified Technician later decides to purchase a Bumper Man franchise for a new designated area. The Effective Date is the official start of the agreement, making it a key reference point for all parties involved.