What is the significance of the 'Agreement Date' for a Crepe De Licious franchise agreement?
Crepe_De_Licious Franchise · 2025 FDDAnswer from 2025 FDD Document
This Franchise Agreement ("Agreement") is made by and between Crepe Delicious Holding USA, Inc., a Delaware corporation headquartered at 147 Citation Drive, Unit 29, Concord, Ontario, Canada L4K 2P8 ("we" or "us"), and the franchisee identified on the signature page of this Agreement ("you") as of the date specified as the "Effective Date" on the signature page. In consideration of the following mutual promises, the parties agree as follows:
1. RECITALS
- 1.01 System and Marks. We have the right to use and to license to our franchisees a proprietary and distinctive system ("System") relating to the establishment and operation of Crepe de licious restaurants and kiosks which make and sell some or all of the following: crepe-based dishes and other specialty food items, gelato, beverage items and other items. We also have the right to use and to license to our franchisees certain service marks, trademarks, trade names, trade dress, logos, slogans and commercial symbols used to identify the restaurant or kiosk or particular items and services offered (collectively, the "Marks").
- 1.02 Desire to Franchise. You desire, upon the terms and conditions set forth in this Agreement, to obtain a license to use the System and Marks in the establishment and operation of a Crepe de licious unit ("Restaurant, Kiosk, or Food Truck") to engage in the business of making and selling some or all of the following: crepe-based dishes and other specialty food items, gelato, beverage items and other items ("Franchised Business"). We are willing, upon the terms and conditions set forth herein, to license you to establish and operate the Franchised Business using the Marks and the System in a Restaurant, Kiosk, or Food Truck at an approved location. Unless the context indicates otherwise, capitalized terms have the meaning ascribed to them in this Agreement.
Source: Item 22 — CONTRACTS (FDD page 57)
What This Means (2025 FDD)
According to the 2025 Crepe De Licious Franchise Disclosure Document, the 'Effective Date' specified on the signature page of the Franchise Agreement marks the commencement of the agreement between Crepe De Licious Holding USA, Inc. and the franchisee. This date is significant because it formally establishes the franchisee's license to use the Crepe De Licious System and Marks for operating a Crepe De Licious unit.
The agreement outlines the mutual promises and conditions under which the franchise is granted. The franchisee gains the right to establish and operate a Crepe De Licious Restaurant, Kiosk, or Food Truck using the brand's System and Marks at an approved location. This includes the right to make and sell crepe-based dishes, specialty food items, gelato, beverage items, and other related products.
The 'Effective Date' also triggers various obligations and timelines outlined in the agreement. For instance, if a prospective franchisee has signed a Territory Reservation Agreement, they have a specific period, until the date specified in the agreement, to finalize the purchase of the Crepe De Licious franchise. Failing to complete the purchase by this date may result in the franchisor retaining the Territory Reservation Fee. Therefore, the 'Effective Date' is a critical reference point for determining the start of the franchise relationship and the deadlines associated with it.