Does the Best Brains FDD include a sample Franchise Agreement as an exhibit?
Best_Brains Franchise · 2025 FDDAnswer from 2025 FDD Document
I have received a disclosure document dated May 27, 2025 that included the following Exhibits:
Exhibit A State Administrators and Agents for Service of Process
Exhibit B Franchise Agreement
Schedule 1-Franchise Location
Schedule 2-Lease Rider
Schedule 3-ACH Authorization Form
Schedule 4-Initial Inventory Agreement
Schedule 5-State Law Addenda to the Franchise Agreement
Source: Item 22 — CONTRACTS (FDD page 42)
What This Means (2025 FDD)
According to Best Brains' 2025 Franchise Disclosure Document, a sample Franchise Agreement is included as an exhibit. Specifically, Exhibit B is the Franchise Agreement. This is a standard practice in franchising, as it allows potential franchisees to review the terms and conditions they will be bound by if they decide to invest in a Best Brains franchise.
In addition to the Franchise Agreement itself, there are several schedules attached to it. These include Schedule 1, which pertains to the franchise location; Schedule 2, which is a lease rider; Schedule 3, which is an ACH Authorization Form; Schedule 4, which covers the Initial Inventory Agreement; and Schedule 5, which includes state law addenda to the Franchise Agreement. These schedules provide further detail and clarification on specific aspects of the franchise relationship.
Prospective franchisees should carefully review Exhibit B and all associated schedules with their legal and financial advisors to fully understand their rights and obligations before signing the agreement. Understanding the terms of the Franchise Agreement is crucial for making an informed decision about investing in a Best Brains franchise.