On the Mrcool franchise agreement receipt, what date must be included by both the Franchisor and Franchisee?

According to the 2025 Mrcool Franchise Disclosure Document, the "Effective Date" must be included on the franchise agreement. The FDD defines the Effective Date as "the date set forth, defined and referred to in the first paragraph of this Agreement."

For a prospective Mrcool franchisee, this means that the initial paragraph of the franchise agreement will contain a specific date that marks when the agreement officially comes into effect. This date is important because it triggers various obligations and timelines outlined in the agreement.

It is crucial for both Mrcool and the franchisee to ensure this date is accurately recorded on all copies of the agreement, as it serves as a reference point for determining deadlines, renewal periods, and other time-sensitive aspects of the franchise relationship.