Which exhibit in the B Bops disclosure document contains the Application Agreement?
B_Bops Franchise · 2025 FDDAnswer from 2025 FDD Document
| THIS APPLICATION AGREEMENT (the "Agreement") made and entered into as of the date set forth below, by and between B-Bop's Franchising Corp., an Iowa corporation with its |
|---|
| principal place of business located at 2900 100th St., Suite 302, Urbandale, Iowa 50322 |
| ("Company"), |
| and |
| of |
| ("Applicant"). |
| In consideration of the mutual covenants contained herein, Company and Applicant agree |
| as follows: |
| 1. |
| Applicant hereby applies to Company to be considered for the purchase of the |
| following (check one only): |
| the rights to own and operate one B-Bop's Restaurant in the trade area |
| described in Appendix I hereto. |
| the rights to develop on an exclusive basis a number of B-Bop's |
| Restaurants in the trade area described in Appendix I hereto. |
Source: Item 23 — RECEIPTS (FDD pages 53–145)
What This Means (2025 FDD)
According to B Bops's 2025 Franchise Disclosure Document, the Application Agreement itself is not contained within a specific exhibit. However, Item 23 (Receipts) includes references to the Application Agreement. Specifically, it includes excerpts from the Application Agreement, such as the agreement's introductory paragraphs, which outline the purpose of the agreement between B Bops Franchising Corp. and the applicant. These excerpts detail the applicant's desire to be considered for purchasing rights to own and operate a B Bops Restaurant in a defined trade area. The document also mentions appendices related to the trade area and development schedule, suggesting these are important components of the Application Agreement.
While the full Application Agreement is not presented as a standalone exhibit, Item 23 provides key clauses and stipulations within the agreement. For instance, it clarifies that the agreement does not obligate B Bops to grant the applicant the rights and that both parties can terminate the agreement with written notice. In such cases, the deposit, or a portion thereof, would be returned according to Section 7 of the agreement. The applicant also acknowledges the confidentiality of the information provided by B Bops and agrees to keep it confidential, returning it upon termination or if B Bops declines to grant the rights.
Furthermore, the excerpt specifies that prior to B Bops informing the applicant of their decision, B Bops will not negotiate with any third party regarding the potential purchase of a B Bops Restaurant in the Trade Area. This clause aims to protect the applicant's interests during the evaluation period. The excerpt also details the conditions under which the deposit will be credited towards the initial franchise fee or development fee if B Bops grants the rights, or the process for refunding the deposit (minus certain expenses) if the rights are not granted or the agreement is terminated. These provisions are crucial for prospective franchisees to understand the financial implications of the Application Agreement and the conditions under which they may receive a refund of their deposit.