What is the effective date of the Terminal Addendum for Dq Treat franchisees?
Dq_Treat Franchise · 2025 FDDAnswer from 2025 FDD Document
| This Terminal Addendum (" Addendum "), effective as of the latest date that appears in the signature block, is between |
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| First Data Resources, LLC, successor in interest to Gift Solutions LLC, f/k/a ValueLink, LLC ("GIFT") and the undersigned |
| Operated Location, Participating Franchisee and Sub-Franchisee, and supplements the Participation Agreement |
| between them dated, 20 (the "Agreement") and sets forth the terms pursuant to which Operated |
| Locations, Operated Location, Participating Franchisee and Sub-Franchisee will purchase or rent Terminals. Capitalized |
| terms not defined herein shall have the meanings assigned in 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 Terminal Addendum becomes effective as of the latest date that appears in the signature block. This addendum is an agreement between First Data Resources, LLC (GIFT) and the Dq Treat franchisee. It supplements the Participation Agreement already in place between these parties.
The Terminal Addendum outlines the specific terms and conditions under which the franchisee will either purchase or rent terminals from GIFT. These terminals are likely related to payment processing or gift card functionalities within the Dq Treat store. The addendum clarifies that any capitalized terms not specifically defined within the addendum itself will carry the same meanings as defined in the original Participation Agreement.
For a prospective Dq Treat franchisee, this means the actual effective date will depend on when all parties sign the document. The franchisee should ensure they understand all terms within both the Terminal Addendum and the original Participation Agreement, as they are both legally binding. It is also important to note the obligations for purchasing or renting the terminals, as this will impact the initial investment and ongoing operational costs.