Does the Beard Papas Multi-Unit Development Agreement specify any requirements for the franchisee to renew or extend the agreement?

According to Beard Papas's 2025 Franchise Disclosure Document, the Multi-Unit Development Agreement does not offer any option for renewal or extension. The agreement's term depends on the number of shops to be developed and the development area. It commences on the effective date and automatically expires when the final shop required for development opens or on the last day of the calendar month in which the final shop was required to open, whichever comes first.

This means that a franchisee entering into a Multi-Unit Development Agreement with Beard Papas should be aware that their rights and obligations under the agreement will cease upon completion of the development schedule or the expiration date, without any possibility of extending the development timeline or renewing the agreement for additional development phases.

This is a notable point for prospective franchisees to consider, as it emphasizes the importance of adhering to the development schedule outlined in the agreement. Failure to meet the development obligations could lead to termination of the agreement, while successful completion leads to its natural expiration without renewal options. Franchisees should carefully evaluate their capacity to meet the development requirements within the specified timeframe before entering into a Multi-Unit Development Agreement with Beard Papas.