What is the document called that Beem Light Sauna franchisees sign concurrently with the Rider?
Beem_Light_Sauna Franchise · 2025 FDDAnswer from 2025 FDD Document
RIDER TO THE BEEM FRANCHISOR LLC DEVELOPMENT AGREEMENT FOR USE IN THE STATE OF NEW YORK
THIS RIDER (this "Rider") is made and entered into by and between Beem Franchisor LLC, a Delaware limited liability company with its principal place of business at 4000 MacArthur Blvd., Suite 800, Newport Beach, California 92660 ("Franchisor"), and the person or entity identified on Appendix A as the franchisee ("Franchisee") with its principal place of business as set forth on Appendix A. In this Rider, "we," "us," and "our" refers to Franchisor. "You" and "your" refers to Franchisee.
- BACKGROUND. We and you are parties to that certain Development Agreement dated, 20 (the "Development Agreement") that has been signed concurrently with this Rider. This Rider is being signed because (a) you are domiciled in the State of New York and the Studios that you will operate and develop under the Development Agreement will be located in New York, and/or (b) any of the offering or sales activity relating to the Development Agreement occurred in New York. 2. TERMINATION. The following is added to the end of Section 6 of the Development Agreement:
You may terminate this Agreement on any grounds available by law under the provisions of Article 33 of the General Business Law of the State of New York.
IN WITNESS WHEREOF, each of the undersigned has executed this Rider under seal as of the Effective Date of the Development Agreement.
BEEM FRANCHISOR LLC (IF ENTITY): [Name] By: Title: Date: (IF INDIVIDUALS): [Signature] [Print Name] [Signature] [Print Name] Date:
WASHINGTON
(See State-Specific Riders to the Franchise Agreement.)
Source: Item 23 — RECEIPT (FDD pages 71–230)
What This Means (2025 FDD)
According to the 2025 Beem Light Sauna Franchise Disclosure Document, the document signed concurrently with the Rider depends on the specific context. For instance, in New York, franchisees sign a Rider to the Development Agreement concurrently with the Development Agreement itself.
In North Dakota, the Rider is annexed to and forms part of the Franchise Agreement. This Rider is signed because the franchisee is either a resident of North Dakota, the studio will be located or operated in North Dakota, or any of the offering or sales activity related to the Franchise Agreement occurred in North Dakota.
Prospective Beem Light Sauna franchisees should carefully review the specific agreements and riders applicable to their situation, as these may vary based on their location and the type of agreement (Franchise Agreement vs. Development Agreement).