What is the 'Open Date' in the City Wide Business Development Center Agreement?
City_Wide Franchise · 2025 FDDAnswer from 2025 FDD Document
Franchisee desires to enlist the Services (defined below) of City Wide's Business Development Center for the purpose of assisting in the prospecting and developing of local City Wide clientele. Services will be provided starting as of the date the Franchised Business opens for business ("Open Date" or as otherwise agreed to by the Parties) hereinafter the "Effective Date".
Source: Item 22 — CONTRACTS (FDD page 65)
What This Means (2025 FDD)
According to City Wide's 2025 Franchise Disclosure Document, the 'Open Date' in the context of the Business Development Center (BDC) Agreement refers to the date the Franchised Business opens for business. This date is significant because the BDC services provided by City Wide to the franchisee begin on this 'Open Date,' which is also referred to as the 'Effective Date' of the agreement, unless otherwise agreed upon by both parties.
For new City Wide franchisees, the BDC Agreement's term starts on the 'Effective Date' and continues for twelve months, subject to early termination as per Section 3 of the agreement. For existing franchisees who engage City Wide for BDC services, the agreement term begins on the date the services commence, also considered the 'Effective Date,' and lasts for six months, again with the possibility of earlier termination under Section 3.
The 'Open Date' is therefore a critical starting point for the BDC services and the associated agreement terms. It marks when City Wide begins assisting the franchisee in prospecting and developing local clientele. Prospective franchisees should pay close attention to this date, as it directly impacts the duration and terms of the BDC Agreement, influencing the support received during the initial phases of their business operation.