What is the date referenced in the Bft Franchise Agreement?
Bft Franchise · 2025 FDDAnswer from 2025 FDD Document
| For value received, and in consideration for, and as an inducement to BFT Franchise SPV, LLC (the | |
|---|---|
| "Franchisor") to execute the Multi-Unit Agreement | |
| (the "Multi-Unit | |
| Agreement"), dated | |
| , 20 (the "Effective Date"), by and between Franchisor and or his | |
| assignee, if a partnership, corporation or limited liability company is later formed (the "Developer"), the | |
| undersigned (each a "Guarantor"), jointly and severally, hereby unconditionally guarantee to Franchisor | |
| and its successors and assigns the full and timely performance by Developer of each obligation undertaken | |
| by Developer under the terms of the Multi-Unit 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 Multi-Unit Agreement refers to an "Effective Date." This date is the date that Bft signs the agreement. Additionally, Exhibit M includes a receipt for the disclosure document, which is dated March 14, 2025. This receipt confirms that Bft provided the disclosure document to prospective franchisees.
Furthermore, the Guaranty included in the Multi-Unit Agreement references a date. The guarantor is guaranteeing the obligations of the developer under the Multi-Unit Agreement, which is dated sometime in 20--. This date is referred to as the "Effective Date."
Finally, certain state-specific riders to the Bft Franchise Agreement, such as the one for Illinois, refer to a Multi-Unit Agreement dated sometime in 20--. This date is relevant because the rider is designed to supersede any inconsistent or conflicting provisions within the Multi-Unit Agreement itself, ensuring that the terms of the rider take precedence in that specific state.