Where can I find the provisions of the Beard Papas franchise and related agreements mentioned in Item 17?
Beard_Papas Franchise · 2025 FDDAnswer from 2025 FDD Document
ITEM 17 RENEWAL, TERMINATION, TRANSFER AND DISPUTE RESOLUTION
The Franchise Relationship Under a Single Unit Franchise Agreement
THE FRANCHISE RELATIONSHIP
This table lists certain important provisions of the franchise and related agreements. You should read these provisions in the agreements attached to this Disclosure Document.
Source: Item 17 — RENEWAL, TERMINATION, TRANSFER AND DISPUTE RESOLUTION (FDD pages 43–51)
What This Means (2025 FDD)
According to Beard Papas's 2025 Franchise Disclosure Document, Item 17 provides a table that summarizes important provisions of the franchise and related agreements. The table includes references to specific sections within the Multi-Unit Development Agreement and Franchise Agreement where these provisions are detailed.
For instance, the length of the franchise term is addressed in Section 3 of the Multi-Unit Development Agreement. Termination conditions, such as termination by the franchisor with or without cause, are found in Section 3.2 of the Multi-Unit Development Agreement. Provisions related to non-competition covenants, modifications of the agreement, integration/merger clauses, dispute resolution, choice of forum, and choice of law are detailed in sections of the Franchise Agreement, such as 6, 17.E, 18.L, 18.M, 18.G, and 18.F.
Item 17 explicitly states that prospective franchisees should read the provisions in the agreements attached to the Disclosure Document to fully understand their rights and obligations. This is crucial for making an informed decision about investing in a Beard Papas franchise.