factual

Where is the definition of 'Development Period' found within the Bang Cookies Development Agreement?

Bang_Cookies Franchise · 2024 FDD

Answer from 2024 FDD Document

  • "Development Period" shall, respectively, have the meaning defined and set forth in Section 4.4 of this Agreement.

Source: Item 23 — RECEIPTS (FDD pages 56–245)

What This Means (2024 FDD)

According to Bang Cookies' 2024 Franchise Disclosure Document, the definition of "Development Period" is located in Section 4.4 of the Development Agreement. Item 23 of the FDD provides a list of defined terms within the agreement.

Specifically, the Development Schedule outlines the measurement periods, referred to as "Development Period," during which a franchisee must establish and open a specified number of Bang Cookies shops ("Newly Opened Development Shop(s)"). It also defines the minimum number of cumulative shops ("Cumulative Development Shops") that must be operational by the end of each Development Period.

Prospective Bang Cookies franchisees should carefully review Section 4.4 and the Development Information Sheet to fully understand the timelines and obligations for opening new locations. Failure to meet these requirements could result in a breach of the Development Agreement.

Disclaimer: This information is extracted from the 2024 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.
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