What is the significance of the effective date specified in the release document for The C12 Group franchise?
C12_Group Franchise · 2025 FDDAnswer from 2025 FDD Document
of Residence | | | | | 13. | State(s) in which the Business will be operated | | | |
THE C12 GROUP, LLC® FRANCHISE AGREEMENT
This Franchise Agreement (the "Agreement") ismade on the Effective Date stated on the Summary Page (the "Effective Date") by and between The C12 Group, LLC (the "Franchisor"), a Texas Limited Liability Company, and the party or parties, whether one or more individuals or an entity, listed as Franchisee on the Summary Page (the "Franchisee").
RECITALS
WHEREAS, Franchisor and Franchisee enter into this Agreement before the Lord, for His purposes, with the expectation of this relationship modeling the attributes of a covenant which is made for mutual benefit and producing great eternal fruit. In doing so, Franchisor and Franchisee promise to fulfill this Agreement in harmony with the highest standards of Christian love and consideration as contained in the Bible and the teachings of Jesus Christ, pledging to honor one another and to work together for the glory of God. Further, Franchisor and Franchisee openly submit all interaction subsequent to the execution of this Agreement to the scrutiny of God and our brothers and sisters in Christ, promising to do all in our power to treat each other and conduct our business affairs in love and honor toward one another and the Body of Christ;
WHEREAS, Franchisor holds the rights to effective and valuable trade names, marks, materials, processes, methods, and procedures for operating, training, and serving others in the operation of a C12 Group practice aimed at helping Christian business owners, CEOs, presidents, general managers, and their staffs 'build great businesses for a greater purpose' (the "Franchised Business"). The Franchised Business includes conducting monthly CEO Forum meetings, One-on-One consultation sessions (Focus60), and selected specialty support offerings, seminars, and mentoring processes;
Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
According to the 2025 FDD, the effective date on The C12 Group's Franchise Agreement Summary Page establishes when the agreement between the franchisor, The C12 Group, LLC, and the franchisee becomes active. This date marks the commencement of the rights and obligations for both parties under the terms of the agreement.
The Franchise Agreement specifies that it is made on the Effective Date stated on the Summary Page. This means that all the terms and conditions outlined in the agreement, including the franchisee's rights to operate a C12 Group franchise and the franchisor's obligations to provide support and services, are legally binding from this date forward.
The effective date is crucial for determining the start of the franchise term, the timing of payments, and other key milestones in the franchise relationship. It also serves as a reference point for interpreting various provisions of the agreement and resolving any disputes that may arise during the franchise term.
The General Release Form also requires an effective date. The franchisee releases The C12 Group from liabilities and obligations arising from the Franchise Agreement, effective as of a specified date. However, this release does not apply to liabilities arising under franchise laws like the Maryland Franchise Registration and Disclosure Law or the Washington Franchise Investment Protection Act.