factual

What does the Developer agree to do with each B Bops Restaurant Unit?

B_Bops Franchise · 2025 FDD

Answer from 2025 FDD Document

lopment Schedule. Developer hereby agrees to develop, construct and open for business B-Bop's

DA/04/25/25 1

Restaurants within the Trade Area in accordance with the Development Schedule and with the terms and conditions of this Agreement. Developer further agrees to develop, own, operate, maintain and promote each B-Bop's Restaurant (hereinafter referred to as a "Unit") in accordance with the terms and conditions contained in the standard form of franchise agreement being utilized by Company to grant B-Bop's Restaurant franchises at the time of development of each such Unit (hereinafter referred to as a "Unit Franchise Agreement"), to be executed by Developer as specified in Section 6 hereof. Company agrees that it shall not establish, or license any third party to establish, a B-Bop's Restaurant in the Trade Area prior to the termination or expiration of this Agreement.

    1. TERM. The term of this Agreement and of the development rights granted hereunder shall commence upon the effective date of this Agreement and shall continue until the date specified in Appendix II attached hereto, unless terminated earlier in accordance with Section 11 hereof. Termination or expiration of this Agreement shall constitute a termination or expiration of the development rights granted hereunder. This Agreement and the development rights may be renewed upon such terms and conditions as Company and Developer may mutually agree upon expiration of the term hereof.
    1. DEVELOPMENT FEE. In consideration of the development rights granted by Company hereunder, Developer agrees to pay Company by certified or cashier's check the development fee specified in Appendix III attached hereto upon execution of this Agreement. Such fee shall be deemed fully earned upon execution of this Agreement and shall not be refundable to Developer under any circumstances. Any deposit paid by Developer prior to execution of this Agreement shall be applied toward satisfaction of the development fee. A portion of such development fee, to be specified in Appendix III attached hereto, shall be applied by Company toward the initial franchise fee payable under the Unit Franchise Agreement executed for each Unit developed by Developer pursuant to this Agreement. Company and Developer acknowledge and agree that the payment terms imposed by this Agreement with respect to the development fee and the initial franchise fee payable for Units developed pursuant hereto are in lieu of and supersede the terms of any Unit Franchise Agreement relating to the amount and time of payment of the initial franchise fee.
    1. TIMELY PERFORMANCE. The development rights provided hereunder have been granted by Company in reliance upon Developer's representations and assurances, among others, that the conditions set forth in this Agreement will be satisfied on a timely basis.

Source: Item 23 — RECEIPTS (FDD pages 53–145)

What This Means (2025 FDD)

According to B Bops's 2025 Franchise Disclosure Document, a Developer agrees to develop, own, operate, maintain, and promote each B Bops Restaurant Unit, referred to as a "Unit", in accordance with the terms and conditions contained in the standard form of franchise agreement. This agreement is utilized by B Bops to grant B Bops Restaurant franchises at the time of development of each Unit, and is referred to as a "Unit Franchise Agreement". The Developer will execute this agreement as specified in Section 6 of the Development Agreement.

Upon approval of a proposed site, B Bops grants the Developer the right and license to own and operate a B Bops Restaurant at that site, provided the Developer complies with the terms of the Development Agreement and all Unit Franchise Agreements between the parties. The Unit Franchise Agreement, which is the standard form used by B Bops at the time of development, will be forwarded to the Developer for execution. The Developer must execute and return the Unit Franchise Agreement, along with the initial franchise fee (as specified in Appendix III), within twenty (20) days of receipt, following B Bops's instructions. Failure to do so will render B Bops's site approval null and void.

Once B Bops approves a site, the Developer must take the necessary steps to acquire the site, either by purchase, lease, or sublease, and secure the rights to construct and operate a Unit on the site. The Developer is expected to commence construction of the Unit as soon as practicable, following the terms of the Unit Franchise Agreement. However, the Development Schedule outlined in the Development Agreement supersedes any conflicting time periods for construction and opening of the Unit specified in the Unit Franchise Agreement. The terms and conditions of the Unit Franchise Agreement govern the franchise relationship for each Unit, unless they conflict with the Development Agreement, in which case the Development Agreement prevails. Each Unit Franchise Agreement remains in effect even after the Development Agreement expires or terminates.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.