What exhibit in the Beard Papas Disclosure Document contains the Franchise Agreement form?
Beard_Papas Franchise · 2025 FDDAnswer from 2025 FDD Document
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You may enter into a Franchise Agreement in the form attached to this Disclosure Document as Exhibit E to develop and operate one Shop from a single Shop Location within a designated territory. If you sign a Franchise Agreement, you will be required to develop and operate the Franchised Business in conformity with the requirements of our System, at a Shop Location that we approve. A Shop can either be a standalone shop or a kiosk shop. A "Stand-Alone Shop" is located in high traffic retail commercial locations, including strip shopping centers, and a "Kiosk Shop" is located in a mall, indoor shopping area, or another business establishment. If you do not have an approved site for your Shop Location you must select a site in accordance with the Franchise Agreement and obtain our written approval of the Shop Location. Your rights in the System will be limited to the establishment and operation of a single Shop serving only our
Approved Services and Products from your approved Shop Location and using only our System Supplies. Your Shop must conform to the requirements of our System.
Multi-Unit Development Agreement
If we approve your request, in addition to signing a Franchise Agreement in the form attached as Exhibit E, you may enter into a Multi-Unit Development Agreement attached to this Disclosure Document as Exhibit F, to develop and operate multiple Shops. The total number of Shops that you will be required to develop and operate under a Multi-Unit Development Agreement will vary from three Shops to 10 Shops, as negotiated at the time of signing the Multi-Unit Development Agreement. Each Shop must be developed by you within a designated geographic area (the "Development Area") and each Shop must be developed and operated under the terms of our then current individual unit Franchise Agreement which may differ from the Franchise Agreement included with this Disclosure Document. Your Multi-Unit Development Agreement will include a development schedule (the "Development Schedule") containing a deadline by which you must develop and open each Shop. Your Development Schedule may vary depending on your Development Area and the number of Shops that you are required to develop.
Source: Item 1 — THE FRANCHISOR AND ANY PARENTS, PREDECESSORS AND AFFILIATES (FDD pages 8–10)
What This Means (2025 FDD)
According to the 2025 Beard Papas Franchise Disclosure Document, the Franchise Agreement form is included as Exhibit E. This is referenced in Item 1 of the FDD, which discusses the franchise agreement. The document specifies that if a franchisee signs a Franchise Agreement, they are required to develop and operate the Franchised Business in accordance with the Beard Papas system at an approved Shop Location. The shop can be either a standalone shop or a kiosk shop.
Furthermore, the FDD states that if a franchisee is approved to develop multiple shops, they may also enter into a Multi-Unit Development Agreement, which is attached as Exhibit F. Even in this case, the franchisee will still sign the individual Shop Franchise Agreement attached as Exhibit E, simultaneously with the Multi-Unit Development Agreement.
Prospective franchisees should carefully review Exhibit E to understand their rights and obligations under the Franchise Agreement. This includes requirements for site selection, operation of the franchised business, and adherence to the Beard Papas system. For those considering a multi-unit development, understanding both Exhibit E and Exhibit F is crucial.