How can the addendum to the Best In Class Education Center franchise agreement be executed?
Best_In_Class_Education_Center Franchise · 2025 FDDAnswer from 2025 FDD Document
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ATTACHMENT "C"
TO FRANCHISE AGREEMENT
LEASE ADDENDUM
[See Attached]
Lease Addendum
| This Lease Addendum (this "Agreement") is executed as of, 202 by and among BiC Franchise System Corporation, a Delaware corporation ("Franchisor"), [], a(n) [], with principal offices located at [] ("Landlord"), and [], a(n) [], with principal offices located at [] ("Tenant"). | |
|---|---|
| Background | |
| A. | On [], 202[], Franchisor and Tenant executed a Best In Class Education Center Franchise Agreement (the "Franchise Agreement"), pursuant to which Franchisor granted Tenant the right and obligation to develop, open and operate a Best In Class Education Center franchised business at the premises described in Exhibit "A" (the "Premises"). |
| B. | Concurrently with the execution of this Agreement, Landlord and Tenant are executing a lease agreement (the "Lease"), pursuant to which Landlord will lease the Premises to Tenant. |
Agreement
C. To protect Franchisor's rights and interests under the Franchise Agreement, Landlord agrees to grant
- Default Notices. Landlord agrees to provide Franchisor with copies of all written default notices sent to Tenant at the same time such notices are sent to Tenant. Landlord agrees to send such copies to Franchisor by email and registered mail as set forth below (Franchisor may change the notice email and address from time to time by sending written notice to Landlord):
Email: hao@bestinclasseducation.com
certain rights to Franchisor as set forth below.
Source: Item 23 — RECEIPT (FDD pages 47–204)
What This Means (2025 FDD)
According to the 2025 Best In Class Education Center Franchise Disclosure Document, there are two types of addendums discussed: a Lease Addendum and a Satellite Office Addendum. The Lease Addendum is executed as of a specific date in 202_ by and among BiC Franchise System Corporation (the Franchisor), the Landlord, and the Tenant. The Satellite Office Addendum is entered into as of a specific date in 202_ (the "Effective Date") between BiC Franchise System Corporation and the franchisee.
For the Lease Addendum, all three parties (Franchisor, Landlord, and Tenant/Franchisee) must execute the agreement. This ensures that all parties are in agreement regarding the terms of the lease, particularly as it relates to the Best In Class Education Center franchise. The Lease Addendum references the Franchise Agreement, confirming the franchisee's right and obligation to operate a Best In Class Education Center at a specific location. It also acknowledges a lease agreement between the Landlord and Tenant, indicating that the addendum is contingent upon the execution of the lease.
The Satellite Office Addendum is executed between BiC Franchise System Corporation and the franchisee. This addendum modifies the original franchise agreement to allow the franchisee to operate a satellite office. The addendum confirms that the franchisee has an existing Best In Class Education Center Franchise Agreement and that the franchisor has granted the franchisee the right to operate a Best In Class Education Center at a specific address. The Satellite Office Addendum modifies the original franchise agreement to allow the franchisee to operate a satellite office.