Where does the Circle K franchise agreement indicate the effective date of the agreement?
Circle_K Franchise · 2025 FDDAnswer from 2025 FDD Document
| 20.18 | Survival 56 | |
|---|---|---|
| 20.19 | Other Franchisees 56 | |
| SCHEDULES AND EXHIBITS | ||
| Schedule 1 | Definitions | |
| Exhibit 1 | Data Sheet 1-1 | |
| Exhibit 2 | Electronic Point of Sale and Software Agreement 2-1 | |
| Exhibit 3 | Electronic Funds Transfer Authorization 3-1 | |
| Exhibit 4 | Equipment/Construction Funding Agreement 4-1 | |
| Exhibit 5 | Personal Guaranty 5-1 |
CIRCLE K® CONVENIENCE STORE FRANCHISE AGREEMENT
THIS FRANCHISE AGREEMENT (the "Agreement") is made and entered into as of the Effective Date (as set forth on the signature page hereto), by and
Source: Item 22 — CONTRACTS (FDD page 100)
What This Means (2025 FDD)
According to Circle K's 2025 Franchise Disclosure Document, the franchise agreement indicates the effective date on the signature page. The agreement states that it is made and entered into as of the Effective Date, with the specific date to be set forth on the signature page.
This means the franchise agreement officially begins on the date specified on the signature page, marking the commencement of the contractual relationship between TMC Franchise Corporation and the franchisee. This date is crucial as it triggers various obligations and timelines outlined in the agreement, such as the period within which the store must open.
For prospective Circle K franchisees, it is important to carefully note the effective date on the signature page, as it serves as the starting point for measuring compliance with the agreement's terms and conditions. The effective date also determines the start of the franchise term and influences deadlines for store opening and other key milestones. Franchisees should ensure that the date accurately reflects the intended commencement of their franchise operations.