How is the 'Effective Date' of the Focus Cfo Franchise Agreement determined?
Focus_Cfo Franchise · 2025 FDDAnswer from 2025 FDD Document
XHIBIT C TO THE DISCLOSURE DOCUMENT**
FOCUS CFO GROUP, LLC
FRANCHISE AGREEMENT
FOCUS CFO GROUP, LLC FRANCHISE AGREEMENT
| This Franchise Agreement ("Agreement") made this day of, 20 | |
|---|---|
| ("Effective Date"), is by and between Focus CFO Group, LLC ("Focus CFO", "us" or "our") and | |
| ("Franchisee," "you" or "your"), and an individual (the "Equity | |
| Owner"). Focus CFO, Franchisee and Equity Owner are all bound to the terms of this Agreement. | |
| Franchisee and Equity Owner may be referred to collectively below as "Franchisee" or "Area | |
| President." This Agreement will not be effective until it has been countersigned by Focus CFO | |
| and delivered to Franchisee and Franchisee has paid the Franchise Fee as described below. |
Source: Item 23 — Receipts (FDD pages 37–126)
What This Means (2025 FDD)
According to the 2025 Focus Cfo Franchise Disclosure Document, the Effective Date of the Franchise Agreement is the date when both Focus Cfo and the franchisee have fully executed the agreement. This is the date that the agreement becomes effective. Additionally, the agreement will not be considered effective until Focus CFO countersigns it, delivers it to the franchisee, and the franchisee pays the franchise fee.
For a prospective Focus Cfo franchisee, this means the franchise agreement is not binding until all these steps are completed. The initial term of the agreement is ten years from the Effective Date, unless terminated earlier according to the terms outlined in the agreement.
It is important for the franchisee to understand these conditions, as they dictate when the franchise term begins and when obligations under the agreement become enforceable. Paying the franchise fee is a critical step in finalizing the agreement and marking the commencement of the franchise relationship.