For Christian Brothers Automotive, what version of the Franchise Agreement is referenced in the example?

According to Christian Brothers Automotive's 2025 Franchise Disclosure Document, the Franchise Agreement version referenced in several exhibits is Ver 04-14-2025. This specific version is noted in exhibits related to the Transaction Fee Agreement. This indicates that Christian Brothers Automotive uses version control to manage changes to its Franchise Agreement, and this particular version was current as of April 14, 2025.

For a prospective franchisee, knowing the specific version of the Franchise Agreement is important. It allows them to verify that they are reviewing the most current and applicable terms. Franchise agreements can evolve over time, and older versions may not reflect the current policies, fees, or legal requirements. Therefore, franchisees should always confirm they have the correct version before signing any documents.

The inclusion of the version number in exhibits like the Transaction Fee Agreement suggests that certain agreements or processes are specifically tied to particular versions of the Franchise Agreement. This could mean that changes in future versions might affect these related agreements. Franchisees should pay close attention to any updated versions and how they might impact their operations or financial obligations.

It is a common practice in franchising to update franchise agreements periodically. These updates can reflect changes in the law, market conditions, or the franchisor's business model. By clearly indicating the version number, Christian Brothers Automotive ensures transparency and reduces the risk of confusion or disputes arising from outdated information.