For the Itan franchise, what is the effective date of the Franchise Owner Agreement in Michigan?
Itan Franchise · 2025 FDDAnswer from 2025 FDD Document
The parties below have executed this Agreement effective as of the Effective Date first above written.
FRANCHISOR:
iTAN Franchising, Inc., a California corporation YOU (If you are an Entity): YOU (If you are not an Entity): , a(n)
Source: Item 23 — RECEIPT (FDD pages 44–190)
What This Means (2025 FDD)
The 2025 Itan Franchise Disclosure Document (FDD) does not explicitly state the effective date of the Franchise Owner Agreement in Michigan. However, the FDD does include an exhibit that refers to state addenda. These addenda may contain modifications to the standard franchise agreement that are specific to certain states, including details about effective dates. The standard agreement indicates that the parties execute the agreement effective as of the date first written in the document. The FDD also states that if iTan offers a franchise, it must provide the disclosure document to you 14 days before you sign a binding agreement or make a payment with the franchisor or an affiliate in connection with the proposed franchise sale.
Given the absence of a specific date for Michigan in the provided excerpts, prospective Itan franchisees should carefully review Exhibit H-1, which contains state-specific addenda, to determine if Michigan has any specific stipulations regarding the effective date of the Franchise Owner Agreement.
To get a clear understanding of the effective date for Michigan, a potential Itan franchisee should ask the franchisor directly about any state-specific addenda that might affect the agreement's terms and conditions in Michigan. They should also consult with a franchise attorney to ensure full compliance with Michigan state laws.