To what agreement is the Bft rider annexed and forms a part of?
Bft Franchise · 2025 FDDAnswer from 2025 FDD Document
| THIS RIDER (this "Rider") is made and entered into by and between BFT FRANCHISE SPV, |
|---|
| LLC, a Delaware limited liability company with its principal business address at 17877 Von Karman Ave., |
| Suite 100 Irvine, CA 92614 |
| ("Franchisor"), and, |
| whose principal business address is |
| ("Franchisee"). |
| 1. |
| Background. Franchisor |
| and Franchisee |
| are parties to that certain Franchise Agreement dated |
| , 20 (the "Franchise Agreement") that has been signed concurrently |
| with the signing of this Rider. This Rider supersedes any inconsistent or conflicting provisions of the |
| Franchise Agreement. Terms not otherwise defined in this Rider have the meanings as defined in the |
| Franchise Agreement. |
| This Rider is annexed to and forms part of the Franchise Agreement. This Rider is |
| being signed because (a) |
| the Franchisee is a resident of the State of Minnesota, (b) the Studio |
| that |
| Franchisee will develop under the Franchise Agreement is |
| or will |
| be |
| located |
| in the State of Minnesota; or |
| (c) |
| any of the offering or sales activity relating to the Franchise Agreement occurred in the State of |
| Minnesota. |
Source: Item 17 — RENEWAL, TERMINATION, TRANSFER AND DISPUTE RESOLUTION (FDD pages 57–66)
What This Means (2025 FDD)
According to Bft's 2025 Franchise Disclosure Document, the rider is annexed to and forms a part of either the Franchise Agreement or the Multi-Unit Agreement, depending on the specific context. For a franchisee entering into a standard franchise agreement, the rider modifies and supplements that agreement. For a developer entering into a multi-unit agreement, the rider serves the same purpose for that agreement.
The rider's primary function is to address specific legal requirements or modifications based on the franchisee's or developer's location. For instance, the excerpts indicate that riders are used when the offer is directed into a specific state, or when the franchisee or the studio is located in a particular state such as Washington, North Dakota, or Minnesota. This ensures that the franchise agreement complies with local laws and regulations.
It is important to note that the rider supersedes any inconsistent or conflicting provisions of the Franchise Agreement or Multi-Unit Agreement. This means that if there is a discrepancy between the main agreement and the rider, the terms of the rider will take precedence. Prospective franchisees should carefully review the rider in conjunction with the main agreement to fully understand their rights and obligations.