What agreements are included as exhibits in the Baya Bar Franchise Disclosure Document?
Baya_Bar Franchise · 2024 FDDAnswer from 2024 FDD Document
Our fiscal year end is December 31st .
Exhibit D
FINANCIAL STATEMENTS
ITEM 22 CONTRACTS
A copy of all proposed agreements regarding the franchise offering are included in this Disclosure Document, as follows:
- Exhibit B The Franchise Agreement and all attachments to it (Marks, Territory, General Release, ACH Authorization, Collateral Assignment of Lease, Statement of Ownership Interests in Franchisee, Telephone, Internet, and Social Media Listing Assignment Agreements, Spousal Guaranty, and Confidentiality and Non-Compete Agreement).
- Exhibit C -- Multi-Unit Development Agreement
- Exhibit H -- Franchisee Acknowledgement Statement, as permitted by state law. No statement, questionnaire, or acknowledgment signed or agreed to by a franchisee in connection with the commencement of the franchise relationship shall have the effect of (i) waiving any claims under any applicable state franchise law, including fraud in the inducement, or (ii) disclaiming reliance on any statement made by any franchisor, franchise seller, or other person acting on behalf of the franchisor. This provision supersedes any other term of any document executed in connection with the franchise.
Exhibit B
FRANCHISE AGREEMENT
BAYA BAR FRANCHISE SYSTEMS, LLC
FRANCHISE AGREEMENT
| FRANCHISEE | |
|---|---|
| DATE OF AGREEMENT |
BAYA BAR FRANCHISE SYSTEMS, LLC
TABLE OF CONTENTS
| 1. | RECITATIONS 3 | |
|---|---|---|
| 2. | GRANT OF FRANCHISE 4 | |
| 3. | TERRITORY 4 | |
| 4. | TERM 4 | |
| 5. |
Source: Item 22 — CONTRACTS (FDD page 56)
What This Means (2024 FDD)
According to the 2024 Baya Bar Franchise Disclosure Document, several agreements are included as exhibits. These exhibits provide franchisees with a comprehensive understanding of the legal commitments and obligations they will undertake.
Exhibit B contains the Franchise Agreement along with attachments covering marks, territory, a general release, ACH authorization, collateral assignment of lease, statement of ownership interests in franchisee, telephone, internet, and social media listing assignment agreements, spousal guaranty, and confidentiality and non-compete agreement. Exhibit C includes the Multi-Unit Development Agreement, which is relevant for franchisees interested in opening multiple Baya Bar locations. Exhibit H contains the Franchisee Acknowledgment Statement, which confirms that franchisees are not waiving rights or disclaiming reliance on franchisor statements under applicable state franchise laws.
Additionally, Exhibit A lists state franchise administrators and agents for service of process. Exhibit D contains the financial statements of Baya Bar Franchise Systems, LLC. Exhibit E lists the Operations Manual Table of Contents. Exhibit F lists the outlets as of the date of the Disclosure Document. Exhibit G contains the State Addenda. Exhibit I includes the Receipt.