What is the effective date of the Rider to the Beem Light Sauna Development Agreement?
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.
Source: Item 23 — RECEIPT (FDD pages 71–230)
What This Means (2025 FDD)
According to the 2025 Beem Light Sauna Franchise Disclosure Document, the Rider to the Beem Light Sauna Development Agreement is made and entered into by and between Beem Franchisor LLC and the franchisee. The rider is signed concurrently with the Development Agreement. The effective date of the Rider is the same as the effective date of the Development Agreement.
For franchisees in Illinois and New York, there are state-specific riders to the Beem Light Sauna Development Agreement.
Prospective franchisees should note that the specific effective date is determined by Appendix A of the Development Agreement, which is franchisee-specific and should be carefully reviewed.