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What is the effective date of the Chocolate Fish Coffee franchise agreement in California?

Chocolate_Fish_Coffee Franchise · 2024 FDD

Answer from 2024 FDD Document

This Agreement is made between Chocolate Fish Franchising, LLC, a Wyoming Limited Liability Company ("Chocolate Fish Franchising

Source: Item 23 — RECEIPTS (FDD pages 41–119)

What This Means (2024 FDD)

According to the 2024 Chocolate Fish Coffee Franchise Disclosure Document, the effective date of the Franchise Agreement is determined by the date it is signed by Chocolate Fish Franchising, LLC. Specifically, the agreement is made between Chocolate Fish Franchising and the franchisee, becoming effective as of the date when Chocolate Fish Franchising affixes its signature.

For prospective franchisees, this means the franchise agreement officially commences on the date Chocolate Fish Franchising signs the document, not necessarily when the franchisee signs or when other preliminary steps are completed. This date is crucial as it marks the beginning of the contractual obligations and rights for both parties.

It is important for franchisees to be aware of this effective date, as it triggers various timelines and obligations outlined in the agreement, such as training schedules, site selection milestones, and payment schedules. Franchisees should ensure they receive a fully executed copy of the agreement with the franchisor's signature and date to accurately track these obligations.

Disclaimer: This information is extracted from the 2024 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.