What year is printed on the Lees Famous Recipe Franchise Agreement?
Lees_Famous_Recipe Franchise · 2025 FDDAnswer from 2025 FDD Document
| THIS FRANCHISE AGREEMENT ("Agreement") is made and entered into this day |
|---|
| of, 20, (the "Effective Date") between Lee's Franchisor LLC, a Delaware |
| limited liability company, with a principal place of business at 1270 N. Eglin Parkway, Suite C-14, |
| Shalimar, Florida 32579 ("we" or "us"), and, a |
| [corporation / limited liability company / partnership] with a principal |
| place of business at ("you"). |
Source: Item 22 — CONTRACTS (FDD pages 69–70)
What This Means (2025 FDD)
According to the 2025 Lees Famous Recipe Franchise Disclosure Document, the franchise agreement includes a space for the year to be entered. The agreement is made and entered into "this day of, 20, (the 'Effective Date')." This means that when the franchise agreement is signed, the specific date, including the year, will be filled in to mark the commencement of the agreement.
This detail is important for prospective franchisees as it signifies the start date of their 15-year franchise term. The 'Effective Date' triggers various obligations and deadlines outlined in the agreement, such as site selection, restaurant opening timelines, and renewal rights. Franchisees should pay close attention to this date and ensure it is accurately recorded on their copy of the agreement.
Most franchise agreements follow a similar practice of including a specific date to mark when the agreement comes into effect. This ensures clarity and avoids ambiguity regarding the term and obligations of both the franchisee and the franchisor. Franchisees should carefully review all dates and timelines within the franchise agreement to fully understand their commitments and rights.