For C3 Wellness Spa, what is the effective time period covered by this release agreement?
C3_Wellness_Spa Franchise · 2024 FDDAnswer from 2024 FDD Document
Based on Franchisee's request, Franchisor agrees that during the limited period of time that commences on the Site Selection Acknowledgment Date and automatically expires 60 calendar days after the Site Selection Acknowledgment Date, that Franchisor shall not grant to Location within the following geographic Site Selection Area: [Must be completed by Franchisor] Franchise Agreement including, but not limited to Article 1 LOCATION AND DOES NOT AFFORD FRANCHISEE ANY TERRITORIAL RIGHTS. The terms contained in this Site Selection Acknowledgment shall have the meaning set forth in the and Article 2 of the Franchise Agreement. In the event of any inconsistency or conflict between this Site Selection Acknowledgment and the terms of the Franchise Agreement, the terms of the Franchise Agreement shall take precedence and govern. If Franchisor does not complete the Site Selection Acknowledgment Date and sign this Site Selection Acknowledgment, then this Site Select Addendum shall not be effective and there shall be no Site Selection Area.
Source: Item 23 — RECEIPTS (FDD pages 59–293)
What This Means (2024 FDD)
According to the 2024 C3 Wellness Spa Franchise Disclosure Document, the Site Selection Acknowledgment has a limited time frame. It begins on the Site Selection Acknowledgment Date and automatically expires 60 calendar days after that date.
During this 60-day period, C3 Wellness Spa agrees not to grant another party the license or right to establish a C3 Wellness Spa within the franchisee's designated Site Selection Area. This agreement is subject to the terms outlined in the Franchise Agreement.
It's important to note that this Site Selection Acknowledgment does not guarantee approval of a spa location, grant an operating territory, or provide any territorial rights beyond this limited period. If the franchisor fails to complete and sign the Site Selection Acknowledgment, it will not be effective, and no Site Selection Area will be in effect.