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What is the significance of the date of execution by Gold Star Chili, Inc. on the addendum?

Q: What is the significance of the date of execution by Gold Star Chili, Inc. on the addendum?

**AS WITNESS** the hands of the duly authorized representatives of the parties hereto as of the date of execution by Gold Star Chili, Inc. set forth below. ATTEST: FRANCHISEE (if a corporation, limited liability company or partnership): (Name of corporate or partnership franshisee) (if an individual, individuals or proprietorship): ATTEST: GOLD STAR CHILI, INC. Source: Item 23 — Receipts (FDD pages 53–163)

Gold_Star Franchise · 2025 FDD

Answer from 2025 FDD Document

AS WITNESS the hands of the duly authorized representatives of the parties hereto as of the date of execution by Gold Star Chili, Inc. set forth below.

ATTEST: FRANCHISEE (if a corporation, limited liability company or partnership): (Name of corporate or partnership franshisee) (if an individual, individuals or proprietorship): ATTEST: GOLD STAR CHILI, INC.

Source: Item 23 — Receipts (FDD pages 53–163)

What This Means (2025 FDD)

According to Gold Star's 2025 Franchise Disclosure Document, the date of execution by Gold Star Chili, Inc. signifies the point in time when the agreement becomes effective. The FDD mentions that the signatures of authorized representatives from both parties, including Gold Star, are required to witness the agreement, as of the execution date determined by Gold Star. This date is important because it legally binds both Gold Star and the franchisee to the terms and conditions outlined in the franchise agreement and any addenda.

For a prospective franchisee, this means that all obligations and benefits detailed in the franchise agreement, including those specified in the Indiana addendum, come into effect on this date. It is the starting point for the contractual relationship between the franchisee and Gold Star. The franchisee should pay close attention to this date, as it may trigger certain timelines or deadlines related to training, site selection, or the opening of the franchise location.

Furthermore, the FDD highlights that certain states require franchise disclosure documents to be registered or filed with the state, or be exempt from registration, and lists Indiana among these states. The execution date, in conjunction with state effective dates, ensures that Gold Star is compliant with franchise regulations in Indiana. Therefore, the date of execution is a critical marker for legal compliance and the commencement of the franchise relationship.

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.

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