What is the significance of Appendix II in relation to the B Bops development agreement?
B_Bops Franchise · 2025 FDDAnswer from 2025 FDD Document
Trade Area"); and
WHEREAS, Company and Developer have mutually agreed upon the time schedule set forth in Appendix II attached hereto for the development of B-Bop's Restaurants in the Trade Area (such schedule to be hereinafter referred to as the "Development Schedule"); and
WHEREAS, the terms and conditions contained in this Agreement have been negotiated in reliance upon the unique financial and management ability of Developer to establish a multiple-unit franchise system.
NOW, THEREFORE, in consideration of the foregoing recitals and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:
- GRANT AND ACCEPTANCE OF DEVELOPMENT RIGHTS.
Source: Item 23 — RECEIPTS (FDD pages 53–145)
What This Means (2025 FDD)
According to B Bops's 2025 Franchise Disclosure Document, Appendix II outlines the development schedule and term of the development agreement. The development agreement itself grants the developer exclusive rights to establish B Bops restaurants within a specific trade area, provided they adhere to the development schedule detailed in Appendix II. This schedule specifies the timeline for opening B Bops restaurants in the designated area.
The development agreement states that the agreed-upon time schedule for developing B Bops restaurants in the trade area is set forth in Appendix II. The term of the development agreement continues until the date specified in Appendix II, unless terminated earlier. The development rights granted are contingent upon compliance with this schedule.
For a prospective B Bops developer, Appendix II is crucial because it legally binds them to a specific timeline for opening restaurants. Failure to meet the deadlines outlined in Appendix II could result in termination of the development rights. However, B Bops may grant extensions to the schedule if the developer demonstrates due diligence, but any extension must be in writing and executed by an officer of B Bops. The development schedule in Appendix II supersedes any conflicting terms in the Unit Franchise Agreement regarding construction and opening timelines.