As of this FDD, what is the effective date for the Itan franchise in Michigan?
Itan Franchise · 2025 FDDAnswer from 2025 FDD Document
| 3. | The states in which this filing is effective are listed on the Exhibit to the FDD titled "State Effective Dates". |
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Source: Item 23 — RECEIPT (FDD pages 44–190)
What This Means (2025 FDD)
According to Itan's 2025 Franchise Disclosure Document, the specific effective date for the franchise in Michigan is not provided in the excerpts. However, the document mentions that the states in which the filing is effective are listed on the Exhibit titled "State Effective Dates." It also indicates that the franchise agreement is entered into as of a certain date, referred to as the "Effective Date," between iTAN Franchising, Inc. and the franchisee.
To determine the precise effective date for Michigan, a prospective franchisee should refer to the exhibit "State Effective Dates" within the FDD. If the date is not explicitly stated, it is crucial to contact Itan directly to obtain this information. Understanding the effective date is important as it marks the commencement of the franchise agreement and dictates the timeline for various obligations and milestones.
Without the specific effective date, it's challenging to assess the current status of franchise registration in Michigan. A potential franchisee should confirm with Itan whether the franchise is currently registered and authorized for sale in Michigan. This confirmation is essential to ensure compliance with state franchise laws and to avoid any legal complications.