For the Jersey Mikes Assignment of Area Development Agreement to take effect, what action must occur?

According to Jersey Mike's 2025 Franchise Disclosure Document, the Assignment of Area Development Agreement takes effect upon its execution and dating by the Franchisor, A Sub Above, LLC. This date is referred to as the "Effective Date."

This means that for an existing Area Development Agreement to be transferred from one developer (the Assignor) to another (the Assignee), Jersey Mike's (the Franchisor) must formally acknowledge and approve the transfer by signing and dating the Assignment of Area Development Agreement. This action marks the official transfer of rights and responsibilities from the Assignor to the Assignee.

Prospective franchisees should note that the agreement involves multiple parties: the Franchisor, the original developer (Assignor), the new developer (Assignee), and any guarantors. All parties must agree to the terms of the assignment, with the Franchisor's execution being the triggering event for the agreement to take effect.