For Bft, what constitutes the date of execution of the franchise agreement?
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 Bft's 2025 Franchise Disclosure Document, the effective date of the Franchise Agreement is the date that Bft signs the agreement, as shown beneath its signature. The agreement is made effective as of this date between Bft Franchise SPV, LLC, identified as the Franchisor, and the franchisee.
This date is important because it marks the beginning of the franchise relationship and triggers various obligations for both Bft and the franchisee. For example, the franchisee typically has a deadline to secure a lease agreement and open their studio, calculated from the execution date of the Franchise Agreement.
Furthermore, the term of the agreement, which is ten years, begins on the Effective Date. This means that all timelines and obligations within the agreement are tied to this specific date. Therefore, understanding when the agreement is considered 'executed' is crucial for a Bft franchisee to manage their responsibilities and expectations throughout the franchise term.