What is the name of the agreement between B Bops Franchising Corp. and the Developer?
B_Bops Franchise · 2025 FDDAnswer from 2025 FDD Document
The undersigned persons hereby represent to B-Bop's Franchising Corp. ("Company") that they are partners or shareholders of the developer ("Developer") entering into the within and foregoing Multiple-Unit Development Agreement (the "Agreement"), of which this Personal Guaranty shall be deemed an integral part.
Source: Item 23 — RECEIPTS (FDD pages 53–145)
What This Means (2025 FDD)
According to B Bops's 2025 Franchise Disclosure Document, the agreement between B Bops Franchising Corp. and the Developer is called the "Multiple-Unit Development Agreement." This agreement grants the Developer specific rights to develop B Bops restaurants within a defined geographic area, known as the Trade Area, according to an agreed-upon Development Schedule.
The Multiple-Unit Development Agreement outlines the terms and conditions under which the Developer will construct, own, operate, maintain, and promote each B Bops Restaurant, also referred to as a "Unit." The Developer must also execute a separate "Unit Franchise Agreement" for each restaurant, which is the standard franchise agreement B Bops uses at the time of each unit's development. This Unit Franchise Agreement is specified in Section 6 of the Multiple-Unit Development Agreement.
The Personal Guaranty of Obligations is an integral part of the Multiple-Unit Development Agreement. It ensures that the individuals (partners or shareholders) associated with the Developer are personally bound by the terms and conditions of the agreement. This guaranty covers the full and prompt payment of any indebtedness of the Developer to B Bops arising from the agreement. The individuals also agree to be bound by the nondisclosure and noncompete covenants within the Multiple-Unit Development Agreement.