What condition must be met for the Bft franchise agreement to be binding on the franchisor?
Bft Franchise · 2025 FDDAnswer from 2025 FDD Document
This Franchise Agreement (this "Agreement") is made effective as of the Effective Date 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 the person or entity identified as the "Franchisee" in the signature blocks below ("Franchisee," and together with Franchisor, the "Parties"). The Effective Date is the date Franchisor signs this Agreement as shown beneath its signature hereto.
Source: Item 23 — RECEIPTS (FDD pages 79–265)
What This Means (2025 FDD)
According to the 2025 Bft Franchise Disclosure Document, the franchise agreement becomes effective when Bft signs the agreement, as indicated beneath its signature. The agreement is between Bft Franchise SPV, LLC, identified as the Franchisor, and the franchisee. The effective date is crucial as it marks the commencement of the franchise term and triggers various obligations for both parties.
Bft grants the franchisee the right to establish and operate a single studio at the Authorized Location, offering approved services and products, and utilizing the Bft system and marks. The franchisee must operate the studio continuously once it opens for business. The franchisee agrees to diligently perform its obligations under the agreement and promote its Bft studio.
The franchisee's request to operate a Bft studio is granted based on the terms and conditions outlined in the agreement. This includes the franchisee's acknowledgment of the changing nature of the business and their independent investigation into the franchise opportunity. The agreement is made in consideration of the recitals, mutual agreements, and valuable consideration, ensuring that both parties are bound by its terms.