factual

When does the Dq Treat addendum become effective, and for how long does it remain in effect?

Dq_Treat Franchise · 2025 FDD

Answer from 2025 FDD Document

    1. Effective Date. This addendum is effective on the Effective Date of the Agreement and

terminates upon the earlier of the transfer or termination of the Agreement.

Source: Item 17 — The following paragraph is added to the end of Item 17 of the Disclosure Document: (FDD pages 70–378)

What This Means (2025 FDD)

According to the 2025 Dq Treat Franchise Disclosure Document, the addendum becomes effective on the Effective Date of the Agreement. The addendum remains in effect until the earlier of the transfer or termination of the Agreement. This means that the terms outlined in the addendum, which modify the original agreement, are applicable from the moment the agreement takes effect.

For a prospective Dq Treat franchisee, this implies that any changes, waivers, or specific conditions detailed in the addendum are immediately binding upon signing the agreement. For example, the addendum might alter the initial franchise fee, continuing license fee, or sales promotion program fee. It is crucial for the franchisee to understand these modifications, as they directly impact the financial obligations and operational terms of the franchise.

It's important to note that the addendum's terms are only valid as long as the franchise agreement remains active. If the franchise is transferred to a new owner or terminated for any reason, the addendum ceases to be in effect. Therefore, franchisees should carefully review the conditions under which the agreement can be transferred or terminated, as these events would also nullify the addendum.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.