What is the date field for on the Counselor Realty disclosure document acknowledgement?
Counselor_Realty Franchise · 2025 FDDAnswer from 2025 FDD Document
| FRANCHISE AGREEMENT dated , | (the |
|---|---|
| "Effective Date"), between COUNSELOR REALTY FRANCHISING, INC. (together with its | |
| affiliates, "COUNSELOR" or "we"), and | |
| of | |
| , | |
| , | |
| ("Franchisee" or "you"). |
Source: Item 22 — CONTRACTS (FDD page 32)
What This Means (2025 FDD)
According to the 2025 Counselor Realty Franchise Disclosure Document, the date field on the franchise agreement is the date the agreement is signed and becomes effective. The agreement includes a space to write in the date. This date, referred to as the "Effective Date", signifies the commencement of the agreement between Counselor Realty Franchising, Inc. and the franchisee.
This date is important because it marks the beginning of the franchisee's obligations and rights under the agreement. It determines when various terms and conditions of the franchise agreement come into effect. The franchisee should ensure that the date accurately reflects when both parties intend the agreement to be legally binding.
Prospective franchisees should carefully note this date and understand its implications, as it ties into other critical timelines and obligations outlined in the Franchise Agreement. Consulting with a legal professional to review the agreement and confirm the accuracy and implications of the effective date is advisable.