Is the date in the Fast Fix Jewelry And Watch Repairs addendum a fill-in-the-blank field?
Fast_Fix_Jewelry_And_Watch_Repairs Franchise · 2025 FDDAnswer from 2025 FDD Document
TIONAL ASSIGNMENT OF TELEPHONE NUMBERS AND LISTINGS**
CONDITIONAL ASSIGNMENT OF TELEPHONE NUMBERS AND LISTINGS
This Conditional Assignment of Telephone Numbers and Listings (the "Assignment") is entered into this ___ day
| of, 20 between Jewelry Repair Enterprises, Inc., a Pennsylvania corporation, with its principal | ||
|---|---|---|
| place of business at 6413 Congress Avenue, Suite 240, Boca Raton, Florida 33487 ("Franchisor," "we," "us" or | ||
| "our") and, a(n){corporation, limited liability company}, whose current | ||
| principal place of business is ("Franchisee," "you" or "your"). You | ||
| and we are sometimes referred to collectively as the "parties" or individually as a "party." | ||
| BACKGROUND INFORMATION: | ||
| We have simultaneously entered into the certain Franchise Agreement (the "Franchise Agreement") dated as of | ||
| with you, pursuant to which you plan to own and operate a franchised jewelry and watch | ||
| repair business, which offers products and services from a kiosk or from an in-line store (the "Service Center"). | ||
| The Fast-Fix Service Center uses certain proprietary knowledge, procedures, formats, systems, forms, printed | ||
| materials, applications, methods, specifications, standards and techniques authorized or developed by us | ||
| (collectively the "System"). We identify Service Centers and various components of the System by certain | ||
| trademarks, trade names, service marks, trade dress and other commercial symbols (collectively the "Marks"). In |
OPERATIVE TERMS:
and listings of the Service Center if the Franchise Agreement is terminated.
order to protect our interest in the System and the Marks, we will have the right to control the telephone numbers
You and we agree as follows:
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- Background Information: The background information is true and correct. This Assignment will be interpreted by reference to the background information. Terms not otherwise defined in this Assignment will have the meanings as defined in the Franchise Agreement.
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- Conditional Assignment: FOR VALUE RECEIVED, Franchisee hereby assigns to Franchisor: (a) those certain telephone numbers and regular, classified or other telephone directory listings (collectively, the "Telephone Numbers and Listings"); and (b) those certain internet website addresses ("URLs") associated with the Marks and used from time to time in connection with the operation of the Service Center at the address provided above. This Assignment is for collateral purposes only and, except as specified herein. Franchisor shall have no liability or obligation of any kind whatsoever arising from or in connection with this Assignment, unless Franchisor shall notify the telephone company and/or the listing agencies with which Franchisee has placed telephone directory listings (all such entities are collectively referred to herein as "Telephone Company") and/or Franchisee's internet service provider ("ISP") to effectuate the assignment pursuant to the terms hereof. On termination or expiration of the Franchise Agreement (without extension) for any reason. Franchisor shall have the right and is hereby empowered to effectuate the assignment of the Telephone Numbers and Listings and the URLs, and, in such event. Franchisee shall have no further right, title or interest in the Telephone Numbers and Listings and the URLs, and shall remain liable to the Telephone Company and the ISP for all past due fees owing to the Telephone Company and the ISP on or before the effective date of the assignment hereunder.
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- Power of Attorney: Franchisee agrees and acknowledges that as between Franchisor and Franchisee, on termination or expiration of the Franchise Agreement, Franchisor shall have the sole right to and interest in the Telephone Numbers and Listings and the URLs, and Franchisee irrevocably appoints Franchisor as Franchisee's true and lawful attorney-in-fact, which appointment is coupled with an interest, to direct the Telephone Company and the ISP to assign same to Franchisor, and execute such documents and take such actions as may be necessary to effectuate the assignment. On such event, Franchisee shall immediately notify the Telephone Company and the ISP to assign the Telephone Numbers and Listings and the URLs to Franchisor. If Franchisee fails to promptly direct the Telephone Company and the ISP to assign the Telephone Numbers and Listings and the URLs to Franchisor, Franchisor shall direct the Telephone Company and the ISP to effectuate the assignment contemplated hereunder to Franchisor.
Source: Item 22 — CONTRACTS (FDD page 37)
What This Means (2025 FDD)
According to the 2025 Fast Fix Jewelry And Watch Repairs Franchise Disclosure Document, several addenda and agreements contain dates that appear to be fill-in-the-blank fields. Specifically, the Territory and Site of Service Center agreement includes a space for the "Effective Date: , 20 {NAME}".
Similarly, the Conditional Assignment of Telephone Numbers and Listings agreement has a blank space for the day it is entered into, indicated by "This Conditional Assignment of Telephone Numbers and Listings (the "Assignment") is entered into this ___ day".
Furthermore, the Franchise Agreement itself has a fill-in-the-blank field for the effective date: "THIS FRANCHISE AGREEMENT (this "Agreement") is dated as of 20 (the "Effective Date"), for a term commencing 20 (the "Effective Date")". Another instance is in the Conditional Assignment and Assumption of Lease agreement which states, "BACKGROUND INFORMATION We entered into that certain Franchise , 20 with you". Finally, the Statement of Principal Owners also includes a date field to be completed: "This Statement of Principal Owners is current and complete as of, 20".
These examples suggest that various agreements associated with the Fast Fix Jewelry And Watch Repairs franchise require the franchisee to fill in the relevant dates at the time of signing. This is a common practice in franchising to ensure that the documents accurately reflect the specific terms and conditions agreed upon by both parties.