factual
When does the B Bops Development Agreement term commence?
B_Bops Franchise · 2025 FDDAnswer from 2025 FDD Document
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- 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.
Source: Item 23 — RECEIPTS (FDD pages 53–145)
What This Means (2025 FDD)
According to B Bops' 2025 Franchise Disclosure Document, the term of the Development Agreement and the development rights granted to the developer begin on the effective date of the agreement. Unless terminated earlier according to Section 11 of the agreement, the term continues until the date specified in Appendix II. The termination or expiration of the agreement also means a termination or expiration of the development rights. However, the agreement and development rights can be renewed if both B Bops and the developer agree to terms and conditions upon the expiration of the current term.
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.