Does the Confidentiality and Non-Compete Agreement for Burros Fries have a specific effective date?
Burros_Fries Franchise · 2024 FDDAnswer from 2024 FDD Document
The Franchise herein granted for a Burros & Fries Business, shall be for a term of ten (10) years from the date of execution and acceptance (the "Effective Date") of this Agreement by us and subject to earlier termination as herein provided. We reserve the right, with your approval, to change the term to match the premise's lease.
Source: Item 22 — CONTRACTS (FDD page 53)
What This Means (2024 FDD)
According to Burros Fries's 2024 Franchise Disclosure Document, the franchise agreement has an effective date. The agreement is effective from the date of execution and acceptance by Burros Fries, and it lasts for a term of ten years, unless terminated earlier.
This "Effective Date" marks the commencement of the franchise term and triggers various obligations for both the franchisee and franchisor. The franchisee can expect to begin operations, training, and other activities outlined in the franchise agreement around this date.
It is important to note that Burros Fries reserves the right to change the term to match the premise's lease with the franchisee's approval. This could affect the duration of the agreement, so prospective franchisees should discuss this with Burros Fries to understand the potential implications for their specific circumstances.