What agreement does this Rider modify for Bft?
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. |
| 2. |
| Releases. The following is added to the end of Sections 3.2.C (Successor Franchise) |
| and 14.2 |
| (Conditions for Approval of Transfer) |
| of the Franchise Agreement: |
| Any release required as a condition of renewal and/or assignment/transfer will not apply to |
| the extent prohibited by the Minnesota Franchises Law. |
| 3. |
| Ownership of Marks. The following language is added to the end of Section 4.1 |
| (Ownership |
| of Marks) |
| of the Franchise Agreement: |
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 modifies two types of agreements: the Franchise Agreement and the Multi-Unit Agreement. For franchisees, the Rider is annexed to and forms a part of the Franchise Agreement, superseding any inconsistent or conflicting provisions within it. The Rider is signed when the franchisee is a resident of Minnesota, the studio is located in Minnesota, or any sales activity relating to the Franchise Agreement occurred in Minnesota.
For developers, the Rider is annexed to and forms a part of the Multi-Unit Agreement, also superseding any inconsistent or conflicting provisions. This Rider is signed when an offer to sell is made in North Dakota, the developer is domiciled in North Dakota, or the studio developed under the Multi-Unit Agreement will be operated in North Dakota. A separate Rider is used when the offer is directed into the State of Washington, the developer is a resident of Washington, or the studios developed under the Multi-Unit Agreement are or will be located or operated in Washington. Another version of the Rider is used when the developer is a resident of Maryland, the studios are developed in Maryland, or the offer to sell or buy is made or accepted in Maryland.
These Riders appear to address specific legal requirements or considerations within those states, ensuring that the franchise or multi-unit agreement complies with local laws. Prospective franchisees and developers should carefully review the Rider applicable to their situation to understand how it modifies the original agreement and what specific rights or obligations it creates or alters.