When does the Precision Door Service Development Agreement term begin?
Precision_Door_Service Franchise · 2025 FDDAnswer from 2025 FDD Document
| This Development Agreement (this "Agreement") is entered into on |
|---|
| (the "Effective Date") by and between PRECISION DOOR SERVICE SPV LLC ("Franchisor," "us" |
| or "we"), and ("Developer" or "you"). |
Source: Item 23 — Receipts (FDD pages 92–433)
What This Means (2025 FDD)
According to Precision Door Service's 2025 Franchise Disclosure Document, the Development Agreement becomes effective on the date specified as the "Effective Date." This date is determined when the agreement is entered into between Precision Door Service SPV LLC, referred to as the Franchisor, and the Developer.
For a prospective Precision Door Service developer, understanding the "Effective Date" is crucial as it marks the commencement of their rights and obligations under the Development Agreement. This includes adhering to development schedules, securing territories, and fulfilling any initial requirements outlined in the agreement.
It is important for potential developers to carefully review the Development Agreement to confirm the specific "Effective Date" and to understand all associated timelines and responsibilities that begin from that date. Consulting with a legal professional is advisable to fully comprehend the implications of the agreement and its effective date.