In the B Bops Franchise Agreement, what term is used to refer to the agreement itself?
B_Bops Franchise · 2025 FDDAnswer from 2025 FDD Document
temporary basis.
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- TERM. The term of this Agreement and of the nonexclusive right, license and franchise granted hereunder shall commence upon the effective date of this Agreement and shall continue until the fifteenth (15th) anniversary thereof, or until the termination of this Agreement in accordance with the provisions hereof, whichever shall first occur (hereinafter the "Term"). Franchisee agrees to operate the Franchise on a continual basis throughout the Term, subject to the terms and conditions of this Agreement. Any renewal of the Franchise shall be governed by Section 18 of this Agreement.
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- EXCLUSIVITY. Company shall not during the Term of this Agreement open or franchise another B-Bop's Restaurant or any other restaurant business serving similar items within a two (2) mile radius of the Franchise Premises. Company reserves the right to grant and sell franchises to others to operate, and to own and operate for its own account or with others, a B-Bop's Restaurant at any location other than as restricted in this Section 3.
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- COMMENCEMENT OF OPERATIONS.
Source: Item 22 — CONTRACTS (FDD page 53)
What This Means (2025 FDD)
According to B Bops' 2025 Franchise Disclosure Document, the term used to refer to the franchise agreement itself is "this Agreement." This is evident in multiple sections of Item 22, Contracts, where the document outlines the obligations, rights, and conditions associated with the franchise.
For example, the document specifies that the term of the franchise, along with the nonexclusive rights and licenses granted, commences on the effective date of "this Agreement." It continues until the 15th anniversary or the termination of "this Agreement," as per its provisions. The franchisee is expected to operate the franchise continually throughout this term, adhering to the terms and conditions outlined in "this Agreement."
Furthermore, B Bops retains the right to inspect the franchise premises to ensure compliance with the standards and policies in the Operations Manual and the terms of "this Agreement." The franchisee's continuous noncompliance, even if remedied after each inspection, can be grounds for termination of "this Agreement." These instances illustrate that "this Agreement" is the standard term used within the legal document to denote the franchise agreement between B Bops and the franchisee.