According to the Aplus franchise agreement, where can I find the Development Schedule?
Aplus Franchise · 2024 FDDAnswer from 2024 FDD Document
- 4.2. Development Schedule. Recognizing that time is of the essence, you agree to satisfy the Development Schedule set forth in Attachment B.
Source: Item 22 — CONTRACTS (FDD page 68)
What This Means (2024 FDD)
According to Aplus's 2024 Franchise Disclosure Document, the Development Schedule, which outlines the timeframe for developing Aplus stores, is located in Attachment B of the Development Agreement. The Development Agreement itself is referenced as Attachment B to the Aplus Franchise Agreement.
Attachment B specifies the time periods during which a franchisee has the right and obligation to construct, equip, open, and operate Aplus stores. This schedule is a critical component of the Development Agreement, and franchisees must adhere to it. Failure to meet the deadlines outlined in the Development Schedule can result in a material breach of the agreement.
Prospective Aplus franchisees should carefully review Attachment B to understand their obligations for opening new stores within the specified timeframes. They should also assess whether their designated Development Area contains enough suitable locations to meet the requirements of the Development Schedule. It is important to note that Aplus makes no guarantees regarding the suitability or sufficiency of locations within the Development Area.