What is the 'Agreement Date' referenced in the Dryject Franchise Agreement amendment?
Dryject Franchise · 2025 FDDAnswer from 2025 FDD Document
| AMENDMENT TO DRYJECT MANAGEMENT, LLC | |
|---|---|
| FRANCHISE AGREEMENT | |
| REQUIRED BY THE STATE OF MINNESOTA | |
| THIS RIDER (the “Rider”) is effective as of _______________________, 20 (the | |
| “Agreement Date”), and amends the Franchise Agreement dated ________, 20 | |
| (the “Agreement”), between DRYJECT MANAGEMENT, LLC (hereinafter referred to as | |
| “DryJect” or “Company”), with its principal office at 307 Lincoln Ave., Hatboro, PA | |
| 19040 and _______________ (“Franchise Owner”), whose mailing address is | |
| _______________. | 1. Precedence and Defined Terms. This Rider is an integral part of, and is incorporated into, the Agreement. Nevertheless, this Rider supersedes any inconsistent or conflicting provisions of the Agreement. Terms not otherwise defined in this Rider have the meanings as defined in the Agreement. 2. Renewal. Sub-section 6(f) of the Agreement is amended by deleting that Subsection in its entirety. |
Source: Item 8 — BUSINESS RELATIONSHIP (FDD pages 68–229)
What This Means (2025 FDD)
According to Dryject's 2025 Franchise Disclosure Document, the 'Agreement Date' refers to the effective date of the rider that amends the original franchise agreement. The rider modifies the original Franchise Agreement dated a specified date in 20__. The rider itself becomes effective as of a separate specified date in 20__ which is referred to as the 'Agreement Date'.
For a prospective Dryject franchisee, this means the amendment to their franchise agreement takes effect on the 'Agreement Date,' potentially altering the terms and conditions of their original agreement from that date forward. It is important to note that the rider and the original agreement should be read together, with the rider superseding any conflicting provisions in the original agreement.
Prospective franchisees should pay close attention to these dates, as they determine when the new or modified terms of the franchise agreement come into force. Understanding the relationship between the original agreement date and the amendment's agreement date is crucial for compliance and for understanding the franchisee's rights and obligations.