What is the dependency between the B Bops Development Agreement and Appendix II?
B_Bops Franchise · 2025 FDDAnswer from 2025 FDD Document
Trade Area"); and
WHEREAS, Company and Developer have mutually agreed upon the time schedule set forth in Appendix II attached hereto for the development of B-Bop's Restaurants in the Trade Area (such schedule to be hereinafter referred to as the "Development Schedule"); and
WHEREAS, the terms and conditions contained in this Agreement have been negotiated in reliance upon the unique financial and management ability of Developer to establish a multiple-unit franchise system.
NOW, THEREFORE, in consideration of the foregoing recitals and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:
- GRANT AND ACCEPTANCE OF DEVELOPMENT RIGHTS.
Source: Item 23 — RECEIPTS (FDD pages 53–145)
What This Means (2025 FDD)
According to B Bops's 2025 Franchise Disclosure Document, the Development Agreement is dependent on Appendix II, as Appendix II outlines the schedule for developing B Bops Restaurants within a specific Trade Area. The Development Agreement states that the company and the developer have agreed upon the time schedule in Appendix II for developing B Bops Restaurants in the Trade Area.
The Development Agreement grants the developer the exclusive right to develop B Bops Restaurants in the Trade Area, but this right is contingent upon compliance with the Development Schedule outlined in Appendix II. The developer agrees to develop, construct, and open B Bops Restaurants within the Trade Area according to this schedule and the terms of the Development Agreement.
In essence, Appendix II defines the 'Development Schedule' that the developer must adhere to under the Development Agreement. Failing to meet the milestones set forth in Appendix II could potentially result in a breach of the Development Agreement, impacting the developer's rights to further develop B Bops restaurants in the Trade Area.