What skills does Baya Bar believe a Developer has that would allow them to derive income from other endeavors?
Baya_Bar Franchise · 2024 FDDAnswer from 2024 FDD Document
Developer acknowledges and agrees that the covenants not to compete set forth in this Agreement are fair and reasonable and will not impose any undue hardship on Developer since Developer has other considerable skills, experience and education which afford Developer the opportunity to derive income from other endeavors.
Source: Item 23 — RECEIPTS (FDD pages 56–189)
What This Means (2024 FDD)
According to Baya Bar's 2024 Franchise Disclosure Document, Baya Bar believes that a Developer has considerable skills, experience, and education that would allow them to derive income from other endeavors. This statement is made in the context of non-compete covenants within the agreement.
Specifically, the agreement states that the non-compete covenants are considered fair and reasonable and will not impose undue hardship on the Developer. This is because Baya Bar assumes the Developer possesses other skills, experience, and education that provide opportunities for income from activities outside of Baya Bar, even with the non-compete restrictions in place.
This suggests that Baya Bar is looking for developers who are not solely reliant on the Baya Bar franchise for their income and have a diverse skill set to pursue other business or employment opportunities. This could be seen as a risk mitigation strategy for Baya Bar, ensuring that their developers are less likely to be financially distressed if the franchise does not perform as expected.