Does the Fat Shack Acknowledgment of Termination and Release Agreement specify the month?
Fat_Shack Franchise · 2025 FDDAnswer from 2025 FDD Document
| This Acknowledgment of Termination and Release Agreement ("Agreement") is entered into this day of, 202, between FAT SHACK INC., a Delaware corporation ("Franchisor") and ("Franchisee"). The Franchisee and the Franchisor will collectively be |
|---|
| referred to herein as the "Parties." |
Source: Item 23 — Receipts (FDD pages 53–223)
What This Means (2025 FDD)
According to the 2025 Fat Shack Franchise Disclosure Document, the Acknowledgment of Termination and Release Agreement includes a space for the day and year, but not the month. The agreement is entered into "this day of, 202, between FAT SHACK INC., a Delaware corporation ('Franchisor') and ('Franchisee')."
This means that when the agreement is finalized, the specific day of the month will be recorded, along with the year. However, the month is not explicitly included in the provided template.
Prospective Fat Shack franchisees should be aware that this agreement is used upon termination of the franchise agreement to acknowledge the termination and release the franchisor from any potential claims. It is important to carefully review this document with legal counsel before signing to fully understand its implications.