What condition must be met for the Schedule A of the Bang Cookies Multi-Unit Development Agreement to be effective?

According to Bang Cookies's 2024 Franchise Disclosure Document, Schedule A, also known as the Development Information Sheet, must be completed and signed by the Franchisor to be considered effective. This sheet is attached to and incorporated into the Multi-Unit Development Agreement. The Development Information Sheet defines the aggregate number of Bang Cookies Shops authorized by the agreement, the requirements for development, and the Development Area.

This requirement ensures that both Bang Cookies and the franchisee are in agreement regarding the key development terms from the outset. The Development Schedule outlines the specific timeframes and targets the franchisee must meet for opening new locations. Failure to adhere to this schedule can result in the termination of the agreement, emphasizing the importance of the Development Information Sheet.

For a prospective Bang Cookies multi-unit franchisee, this means carefully reviewing the Development Information Sheet (Schedule A) before signing the agreement to ensure they understand and agree with the development obligations. They should also confirm that Bang Cookies has completed and signed the schedule, as this is a prerequisite for its effectiveness. This step is crucial to avoid potential disputes or termination of the agreement due to unmet development targets.