In the Fat Shack Acknowledgment of Termination and Release Agreement, what year is referenced for the agreement date?
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." |
| RECITALS |
| WHEREAS, Franchisor and Franchisee entered into that certain franchise agreement ("Franchise |
| Agreement") dated, 20, in which Franchisor granted Franchisee the right to |
| operate a FAT SHACK Restaurant in the authorized territory ("Protected Territory") described in |
| Exhibit 1 of the Franchise Agreement; and |
| WHEREAS, on 202, Franchisee's rights under the terms of the Franchise |
Source: Item 23 — Receipts (FDD pages 53–223)
What This Means (2025 FDD)
According to Fat Shack's 2025 Franchise Disclosure Document, the Acknowledgment of Termination and Release Agreement references the year 202. The agreement is structured to be entered into on a specific day in 202_, between Fat Shack Inc. and the franchisee. This agreement is used when a franchise agreement is terminated.
Furthermore, the WHEREAS section notes that the original franchise agreement was dated in 20_, and the franchisee's rights were terminated in 202_. These blanks indicate that the specific year will be filled in at the time of the agreement.
Prospective franchisees should note that these agreements are standard legal documents used to formalize the end of a franchise relationship. The franchisee acknowledges the termination and releases Fat Shack from any further claims. The agreement ensures that all parties are clear on the terms of the termination and that any outstanding issues are resolved.