What is the 'Effective Date' referring to in the Face Foundrie Franchise Agreement?
Face_Foundrie Franchise · 2025 FDDAnswer from 2025 FDD Document
OVENANTS
- EXHIBIT F TELEPHONE NUMBER ASSIGNMENT AGREEMENT AND POWER OF ATTORNEY
- EXHIBIT G LEASE RIDER
- EXHIBIT H FRANCHISEE ACKNOWLEDGEMENT [Not applicable in CA, HI, IL, IN, MD, MI, MN, NY, ND, RI, SD, VA, WA and WI]
- EXHIBIT I EMPLOYEE NON-DISCLOSURE AGREEMENT
- EXHIBIT J STATE ADDENDA
FRANCHISE AGREEMENT
| THIS FRANCHISE AGREEMENT (this "Agreement") is made and entered into this day of | |
|---|---|
| , 20 (the "Effective Date"), by and between FACE FOUNDRIÉ | |
| FRANCHISING | |
| L.L.C., a Minnesota limited liability company with its principal office at 6446 Flying Cloud Drive, Eden Prairie, |
Source: Item 22 — CONTRACTS (FDD pages 73–74)
What This Means (2025 FDD)
According to Face Foundrie's 2025 Franchise Disclosure Document, the Effective Date refers to the date the Franchise Agreement is made and entered into. Specifically, the franchise agreement states that it is made and entered into "this day of , 20 (the 'Effective Date')."
The Effective Date is significant because it marks the commencement of the 10-year term of the franchise agreement. According to the FDD, the franchisee has the right, and assumes the obligation, to operate a Face Foundrie Facial Bar for a term of ten years, commencing on the Effective Date of the agreement.
Prospective franchisees should pay close attention to the Effective Date as it determines the start of their franchise term and is a key reference point for other dates and deadlines within the agreement, such as renewal options and termination clauses. Understanding this date is crucial for managing the franchise and planning for the future.