On what date does the Precision Door Service franchise agreement become effective?
Precision_Door_Service Franchise · 2025 FDDAnswer from 2025 FDD Document
This Assignment and Consent Agreement (this "Agreement") is made effective as of the date Franchisor signs below (the "Effective Date") and is entered into by and among [ ] ("Franchisee"), and [ ] (a "Franchisee Principal(s)") (Franchisee and Franchisee Principal(s) collectively referred to as "Assignor"), [ ] ("Assignee"), and PRECISION DOOR SERVICE SPV LLC, a Delaware limited liability company having a principal place of business at 2395 Washington Avenue, Suite 5, Titusville, Florida 32780 ("Franchisor"). All capitalized terms not defined in this Agreement have the respective meanings set forth in the Old Franchise Agreement (as defined below).
Source: Item 23 — Receipts (FDD pages 92–433)
What This Means (2025 FDD)
According to the 2025 Precision Door Service Franchise Disclosure Document, the effective date of the Assignment and Consent Agreement is determined by when the franchisor signs the agreement. Specifically, the document states, "This Assignment and Consent Agreement (this "Agreement") is made effective as of the date Franchisor signs below (the "Effective Date")."
For a prospective Precision Door Service franchisee, this means that the agreement officially takes effect on the date the franchisor formally approves and signs the document. This date is significant because it marks the commencement of the franchisee's rights and obligations under the agreement.
It is important for the franchisee to confirm this date with Precision Door Service to ensure clarity and alignment on when the terms of the agreement become legally binding. This confirmation can prevent potential misunderstandings or disputes regarding the start date of the franchise agreement and the associated responsibilities.