What is the date of the Bft Multi-Unit Agreement mentioned in the rider?
Bft Franchise · 2025 FDDAnswer from 2025 FDD Document
IN WITNESS WHEREOF, the parties have executed and delivered this Rider to be effective as of the effective date of the Multi-Unit Agreement.
BFT FRANCHISE SPV, LLC, a Delaware limited liability company [NAME OF DEVELOPER] Capacity:
RIDER TO THE BFT FRANCHISE SPV, LLC MULTI-UNIT AGREEMENT FOR USE IN MARYLAND
| 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 |
| ("Developer"). |
| 1. |
| Background. Franchisor and Developer are parties to that certain Multi-Unit Agreement |
| dated |
| , 20 (the "Multi-Unit Agreement") that has been signed concurrently |
| with the signing of this Rider. This Rider supersedes any inconsistent or conflicting provisions of the Multi |
| Unit Agreement. Terms not otherwise defined in this Rider have the meanings as defined in the Multi-Unit |
| Agreement. |
| This Rider is annexed to and forms part of the Multi-Unit Agreement. This Rider is being |
| signed because (a) Developer is a resident of the State of Maryland; or |
| (b) the Studios that Developer |
| develops under the |
| Multi-Unit Agreement |
| are or will be developed |
| in the State of Maryland; |
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 Multi-Unit Agreement's date is not explicitly provided within the rider. The rider includes the following language: "Franchisor and Developer are parties to that certain Multi-Unit Agreement dated , 20 (the 'Multi-Unit Agreement') that has been signed concurrently with the signing of this Rider." This indicates that the agreement was signed in 20--, but the specific month and day are not filled in.
This omission means a prospective Bft franchisee cannot determine the precise effective date of the Multi-Unit Agreement from the FDD itself. The date is important because the rider modifies the original agreement, and understanding when both documents became effective is essential for understanding the franchisee's obligations and rights.
To clarify this, a potential Bft franchisee should ask the franchisor directly for the complete and exact date of the Multi-Unit Agreement. They should also request a fully executed copy of the agreement to ensure all blanks are filled and all terms are clear before signing any documents or making any payments.