Can I terminate the B Bops Application Agreement at any time?
B_Bops Franchise · 2025 FDDAnswer from 2025 FDD Document
| D. Termination by You | Sections 4 and 8 | You may terminate at anytime without cause. Upon termination you will be entitled to the amount of the deposit ($5,000) minus the lesser of (i) $4,500 or (ii) the actual expenses incurred by the Company, as provided in the Application Agreement. If the Company determines to grant you development rights or franchise rights (whichever is applicable) and you do not execute and deliver the appropriate documentation and pay the initial franchise fee or development fee, whichever is applicable, within 15 days after receipt of the documents the Application Agreement shall become |
|---|---|---|
| null and void. |
Source: Item 17 — RENEWAL, TERMINATION, TRANSFER AND DISPUTE RESOLUTION (FDD pages 40–49)
What This Means (2025 FDD)
According to B Bops's 2025 Franchise Disclosure Document, a franchisee can terminate the Application Agreement at any time without providing a reason. However, the franchisee will be entitled to a refund of their deposit, which is $5,000, minus either $4,500 or the actual expenses B Bops incurred, whichever is less. This refund process is detailed in the Application Agreement.
It's important to note that this termination clause applies specifically to the Application Agreement, which precedes the actual franchise or development agreement. The Application Agreement essentially secures your position while B Bops decides whether to grant you development or franchise rights. B Bops is required to inform you of their decision within 90 days from the effective date of the Application Agreement.
If B Bops decides to grant you rights, and you fail to execute the necessary documents or pay the initial franchise or development fee within 15 days of receiving the documents, the Application Agreement becomes null and void. This highlights the importance of being prepared to move forward quickly if B Bops approves your application. Prospective franchisees should carefully consider these financial implications and timelines before entering into an Application Agreement with B Bops.