What exhibit contains the State Specific Addenda for Beard Papas?
Beard_Papas Franchise · 2025 FDDAnswer from 2025 FDD Document
Individual state law may supersede the provisions contained in your Franchise Agreement and, if applicable, your Multi-Unit Development Agreement respecting the requirement that you execute a general release as a condition to assignment, sale, or transfer. See, the state specific addendums contained in Exhibit I of this Disclosure Document.
Source: Item 22 — CONTRACTS (FDD pages 57–58)
What This Means (2025 FDD)
According to Beard Papas's 2025 Franchise Disclosure Document, the State Specific Addenda are found in Exhibit I. This is important because individual state laws may supersede the provisions contained in the Franchise Agreement or the Multi-Unit Development Agreement, particularly regarding the requirement to execute a general release as a condition to assignment, sale, or transfer.
For a prospective Beard Papas franchisee, this means that the terms of the franchise agreement may be modified or superseded by the laws of the state in which they operate. It is crucial to review Exhibit I carefully to understand any state-specific requirements or modifications to the standard franchise agreement.
Understanding these state-specific addenda is essential for compliance and can impact various aspects of the franchise, including transfer conditions. Franchisees should consult with legal counsel to ensure they fully understand the implications of these addenda in their specific state.