What is the effective date of the Canopy Lawn Care Successor Addendum?
Canopy_Lawn_Care Franchise · 2025 FDDAnswer from 2025 FDD Document
| This Successor Addendum ("Successor Addendum") to the Successor Franchise Agreement is made and entered into this day of, 20, by and between CANOPY FRANCHISE CORPORATION ("Franchisor") and ("Franchisee"). | |
|---|---|
| BACKGROUND | |
| 1. 20 ("Franchise | Franchisor and Franchisee entered into a Franchise Agreement dated, Agreement") pursuant to which Franchisee operates a Canopy® Lawn Care Business located in ("Franchised Business"). |
| 2. | The Franchise Agreement will expire by its own terms on, 20 |
Source: Item 22 — CONTRACTS (FDD page 55)
What This Means (2025 FDD)
According to the 2025 Canopy Lawn Care Franchise Disclosure Document, the Successor Addendum's effective date is indicated by a blank space for the day and year in the provided excerpt. The agreement states, "This Successor Addendum ('Successor Addendum') to the Successor Franchise Agreement is made and entered into this day of, 20, by and between CANOPY FRANCHISE CORPORATION ('Franchisor') and ('Franchisee')." This means the actual date will be filled in upon execution of the document.
This excerpt also refers to a prior Franchise Agreement with a date to be filled in, showing when the original agreement between Canopy Lawn Care and the franchisee was established. The original Franchise Agreement will expire on a date also left blank in the document.
Prospective franchisees should note that the specific dates are determined at the time of signing and are not pre-defined in the FDD. It is important to carefully review all dates within the franchise agreement and any addenda with legal counsel to fully understand the terms and obligations.