What is the effective date of the Potbelly Sandwich Works Rider?
Potbelly_Sandwich_Works Franchise · 2025 FDDAnswer from 2025 FDD Document
This Rider (the "Rider") is made and entered into as of the day of, 20 (the "Effective Date") (regardless of the dates of the parties' signatures) by and between POTBELLY FRANCHISING, LLC, an Illinois limited liability company with its principal business address at 500 West Madison Street, Suite 1000, Chicago, Illinois 60661 ("we," "us," or "our"), and , whose principal business address is ("you" or "your").
Source: Item 23 — RECEIPTS (FDD pages 79–355)
What This Means (2025 FDD)
According to Potbelly Sandwich Works's 2025 Franchise Disclosure Document, the effective date of the Rider to the franchise agreement or shop development area agreement is the day of, 20, regardless of the dates of the parties' signatures. This means that the rider becomes legally binding on the date specified, irrespective of when each party actually signs the document. This blank date needs to be completed in the agreement.
For a prospective franchisee, this indicates that the actual effective date will be determined during the signing process. It is crucial to carefully review and understand when the agreement becomes effective, as this date triggers various obligations and timelines outlined in both the Rider and the underlying Franchise Agreement or Shop Development Area Agreement.
Potbelly Sandwich Works uses state-specific riders, and the effective date is a key component of establishing the legal framework for the franchise relationship. Franchisees should pay close attention to this date and seek clarification from Potbelly Sandwich Works if there are any discrepancies or uncertainties during the signing process.