When does the agreement with Christian Brothers Automotive become effective, regardless of the execution date?
Christian_Brothers_Automotive Franchise · 2025 FDDAnswer from 2025 FDD Document
THIS RELEASE AGREEMENT (this "Agreement") is made and entered into as of the day of, 20 (the "Effective Date"), by and between Christian Brothers Automotive Corporation, a Texas corporation ("CBAC") and, a ("Franchisee").
| THIS TRANSACTION FEE AGREEMENT (this "Agreement") is made and entered into as of (the "Effective Date"), by and among (hereinafter "you" or "Franchisee") and Christian Brothers Automotive Corporation, a Texas corporation (hereinafter "we," "us," or "CBAC"). |
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This document is effective and may be used in the following states, where the document is filed, registered or exempt from registration, as of the Effective Date stated below:
The Christian Brothers Automotive Corporation Disclosure Document (the "Disclosure Document") and Franchise Agreement ("Franchisee") and Christian Brothers Automotive Corporation, a Texas corporation ("CBAC"), dated, 20 (the "Agreement") shall be amended by the addition of the following language, which shall be considered an integral part of the Disclosure Document and Agreement (this "Amendment"):
The purpose of this Receipt and Acknowledgement Letter Agreement (this "Letter Agreement") is to document the understanding between you and Christian Brothers Automotive Corporation ("CBAC") as of the date of this Letter Agreement.
Source: Item 22 — CONTRACTS (FDD page 76)
What This Means (2025 FDD)
According to the 2025 Christian Brothers Automotive Franchise Disclosure Document, several agreements specify an "Effective Date."
The General Release agreement becomes effective as of the day of, 20. Similarly, the Transaction Fee Agreement becomes effective as of a specified date. For franchisees in states requiring franchise law registration or filing, such as California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Rhode Island, South Dakota, Virginia, Washington, and Wisconsin, the Franchise Disclosure Document is effective as of the date stated.
Furthermore, amendments to the Disclosure Document and Franchise Agreement for states like New York, Indiana, and Minnesota become effective on a specific date. The Receipt and Acknowledgement Letter Agreement documents the understanding between the franchisee and Christian Brothers Automotive as of its date. These effective dates are crucial for determining when the rights and obligations outlined in each agreement begin.