When does the Cilantro Taco Grill Franchise Agreement and Addendum become effective?
Cilantro_Taco_Grill Franchise · 2024 FDDAnswer from 2024 FDD Document
| se Agree | I mutually agree to revise any terms of the Franchise Agreement, whether at initial signing of the ment or a future date. The Addendum will include a full release and hold harmless through the date | |
|---|---|---|
| Initials | ||
| 23. Initials Initials | I have spoken to lawyers, accountants, and other professionals about this business opportunity. I fully acknowledge that I have made the decision to enter into this Franchised Business and I have my team of professionals in making my decision to purchase this franchise and accept all risks and involved in opening and operating a Cilantro Taco Grill Franchised Business. | |
| tion con | did not initial any of the foregoing statements indicating that you are unable to acknowledge the tained therein, please provide a full explanation directly below in the space provided. If you are able all of the foregoing statements, please enter "not applicable" below. | |
| (mm/dd | l/yyyy), | the Franchise Agreement and Addendum (if any) onand acknowledge that no Agreement or Addendum is effective until signed and dated by the |
| Franchis |
Source: Item 23 — RECEIPT (FDD pages 52–208)
What This Means (2024 FDD)
According to the 2024 Cilantro Taco Grill Franchise Disclosure Document, the Franchise Agreement and any addendum are not effective until signed and dated by both the franchisee and the franchisor. This means that even after both parties sign the documents, the agreement only becomes legally binding once it has been dated by both parties.
This condition protects both Cilantro Taco Grill and the franchisee by ensuring that there is a clear, agreed-upon start date for the franchise relationship. It prevents any ambiguity about when the obligations and rights outlined in the agreement come into force. The franchisee should ensure that the agreement is dated correctly to reflect the actual date of signing to avoid any future disputes.
Prospective franchisees should pay close attention to this clause and ensure that both they and Cilantro Taco Grill complete the signing and dating of all documents to finalize the agreement. This step is crucial for establishing a legally sound franchise relationship and avoiding potential misunderstandings or disputes regarding the effective date of the agreement.