What is the significance of the date 'DATED , 20' in relation to the Potbelly Sandwich Works contract?
Potbelly_Sandwich_Works Franchise · 2025 FDDAnswer from 2025 FDD Document
IN WITNESS WHEREOF, the parties have signed and delivered this Agreement on the dates noted below, to be effective as of the Effective Date.
POTBELLY FRANCHISING, LLC, an Illinois limited liability company [Name of Franchisee] [Signature] [Print Name] [Signature] Name: [Print Name] DATED: Title: DATED:
EXHIBIT A
TO THE FRANCHISE AGREEMENT BETWEEN POTBELLY FRANCHISING, LLC AND DATED , 20 Effective Date: This Exhibit A is current and complete as of , 20 You and Your Owners 1. Formation and Principals. You were incorporated or formed on , under the laws of the State of . You confirm that you have not conducted business under any name other than your corporate, limited liability company, or partnership name. The following is a list of your managing members, directors, and officers, as applicable, as of the effective date shown above: Name of Each Managing Member/Director/Officer Position(s) Held 2. Owners. The following list includes the full name of each person who is one of your owners (as defined in the Franchise Agreement), or an owner of one of your owners, and fully describes the nature of each owner's interest (attach additional pages if necessary). Owner's Name Percentage/Description of Interest (a) (b) (c)
(d)
- Name and Address of Person to Receive Notices for Franchisee. (a) (b) Postal Address: (c) E-mail Address: Date is 4. 5. prior written approval. POTBELLY FRANCHISING, LLC, an Illinois limited liability company Identification of Managing Owner. Your Managing Owner as of the Effective (must be one of the individuals listed in paragraph 2 above). You may not change the Managing Owner without our Identification of Operator. Your Operator as of the Effective Date is FRANCHISEE [Signature] [Name of Franchisee] [Print Name] By: [Signature] DATED: [Print Name] Title: DATED:
Source: Item 22 — CONTRACTS (FDD page 79)
What This Means (2025 FDD)
According to Potbelly Sandwich Works's 2025 Franchise Disclosure Document, the date 'DATED , 20' appears in several contexts related to the franchise agreement. Specifically, it is associated with the signing and delivery of the agreement by both Potbelly Franchising, LLC, and the franchisee. This date signifies when each party formally commits to the terms outlined in the franchise agreement. The same date format is also present in Exhibits A and B, attached to the Franchise Agreement, implying that these exhibits are also dated and become effective around the same time as the main agreement. Exhibit A includes critical information about the franchisee, such as formation details, ownership structure, and contact information for receiving notices. The 'Effective Date' noted in Exhibit A indicates when the terms specified within that exhibit come into force.
For a prospective Potbelly Sandwich Works franchisee, the 'DATED' entries are crucial because they establish the timeline for their contractual obligations and rights. The franchisee needs to ensure that all dates are accurately recorded to avoid any future disputes regarding the agreement's validity or the effective dates of specific provisions. Furthermore, the franchisee should pay close attention to the 'Effective Date' in Exhibit A, as it marks the commencement of certain operational requirements and compliance standards.
It is important to note that the FDD excerpt also mentions a 'Conditional Assignment of Telephone Number(s)' contract, which also includes a date field. This assignment allows Potbelly Franchising, LLC to manage the telephone numbers associated with the Potbelly shop. The franchisee should understand that by signing this assignment, they are transferring rights to the telephone numbers to the franchisor, which can impact how the business is managed and branded. Therefore, careful review of all contracts and their respective dates is essential for a clear understanding of the franchisee's obligations and the franchisor's rights.