factual
What is the starting date for the Face Foundrie Area Development Agreement term?
Face_Foundrie Franchise · 2025 FDDAnswer from 2025 FDD Document
| Provision | Area Development | Summary | |
|---|---|---|---|
| Agreement | |||
| (a) | Length of the franchise term | Section 2 and Exhibit A | Unless sooner terminated in accordance with the provisions of the Area Development Agreement, the Area Development Agreement will commence on the date of the Area Development Agreement and will expire on the earlier of (i) the date you execute the final Franchise Agreement in accordance with the required minimum cumulative number of Franchise Agreements to be executed for Facial Bars to be located in the Development Territory as set forth in the Development Schedule; or (ii) the final date set forth in the Development Schedule. |
Source: Item 17 — RENEWAL, TERMINATION, TRANSFER, AND DISPUTE RESOLUTION OF THE FRANCHISE RELATIONSHIP (FDD pages 51–59)
What This Means (2025 FDD)
According to Face Foundrie's 2025 Franchise Disclosure Document, the Area Development Agreement's term begins on the date of the Area Development Agreement. Unless terminated earlier, the agreement remains in effect until the date the final Franchise Agreement is executed, aligning with the required minimum number of Franchise Agreements for Facial Bars in the Development Territory as specified in the Development Schedule. Alternatively, the agreement expires on the final date outlined in the Development Schedule, whichever comes first.
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.