In the context of the receipt, what is the 'Effective Date' for Marble Slab Creamery?
Marble_Slab_Creamery Franchise · 2025 FDDAnswer from 2025 FDD Document
| “Franchisee”: | |
|---|---|
| “Site Selection Area”: | |
| “Accepted Location”: | |
| “Effective Date”: | , 202 “Initial Fee”: $_ |
| “Initial Operating Partner”: | |
| “NAF Percentage”: 2% | 6% “Local Advertising Percentage”: 2% |
| “First Renewal Term”: | 10 years “Second Renewal Term”: 10 years |
| Type of Store | ☐ Traditional Store ☐ Non-Traditional Store |
| Branding on Store | ☐ Marble Slab Creamery Store Only ☐ Co-Brand Store |
| Approved Co-Brand | |
| Licensor(s) |
Source: Item 23 — RECEIPT (FDD pages 101–346)
What This Means (2025 FDD)
According to Marble Slab Creamery's 2025 Franchise Disclosure Document, the 'Effective Date' is a field on a receipt that requires a month and day to be entered, along with the year 20__. This date likely refers to when the agreement between Marble Slab Creamery and the franchisee becomes active. The receipt also includes fields for 'Franchisee', 'Site Selection Area', 'Accepted Location', 'Initial Fee', and 'Initial Operating Partner'.
Other information on the receipt includes the 'NAF Percentage' which is 2%, and the 'Local Advertising Percentage' which is 2%. The receipt also specifies the length of the 'First Renewal Term' and 'Second Renewal Term' as 10 years each. The type of store is indicated as either a Traditional Store or a Non-Traditional Store, and the branding on the store is either a Marble Slab Creamery Store Only or a Co-Brand Store. If it is a co-branded store, the approved co-brand and licensors are also listed.
Prospective franchisees should pay close attention to the effective date as it signifies the commencement of their obligations and rights under the franchise agreement. They should also clarify with Marble Slab Creamery what events or conditions must occur for the agreement to become effective and ensure all prerequisites are met by the specified date.