What document does this Rider modify for Bft franchisees in Rhode Island?
Bft Franchise · 2025 FDDAnswer from 2025 FDD Document
e Investment Law.
[SIGNATURE PAGE TO FOLLOW]
IN WITNESS WHEREOF, the parties have executed and delivered this Rider to be effective as of the effective date of the Franchise Agreement.
| BFT FRANCHISE SPV, LLC, | "FRANCHISEE" | |
|---|---|---|
| a Delaware limited liability company | [if an individual] | |
| By: | [Name], individually | |
| Name: | ||
| Title: | Sign: | |
| Date: | Date: [if a legal entity] [Name], a [state/type] By: Name: Title: Date: | |
RIDER TO THE BFT FRANCHISE SPV, LLC FRANCHISE AGREEMENT FOR USE IN RHODE ISLAND
| 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. | are parties to that certain Franchise Agreement dated |
| Background. Franchisor | |
| and Franchisee | |
| , 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) any of the offering or sales activity relating to the Franchise Agreement occurred | |
| in Rhode Island, or (b) Franchisee is a resident of the State of Rhode Island and | the Studio that Franchisee |
| develops under its Franchise Agreement is or will be operated in the State of Rhode Island. | |
| 2. Governing Law. |
Source: Item 17 — RENEWAL, TERMINATION, TRANSFER AND DISPUTE RESOLUTION (FDD pages 57–66)
What This Means (2025 FDD)
According to the 2025 Bft Franchise Disclosure Document, the Rider modifies the Franchise Agreement for franchisees in Rhode Island. The Rider is designed to be annexed to and form a part of the Franchise Agreement, and it supersedes any inconsistent or conflicting provisions within the original agreement. This ensures that Rhode Island-specific legal requirements are integrated into the franchise relationship.
Specifically, the Rider is signed when any offering or sales activity related to the Franchise Agreement occurs in Rhode Island, or if the franchisee is a resident of Rhode Island and the studio they develop under the Franchise Agreement is or will be operated in Rhode Island. This indicates that the Rider is essential for Bft franchises operating within the state to address local regulations and legal considerations.
Furthermore, the Rider includes clauses pertaining to Governing Law and Consent to Jurisdiction, adding specific language to Sections 16.1 and 16.6 of the Franchise Agreement to align with the Rhode Island Franchise Investment Act. This ensures that claims arising under the Act are subject to Rhode Island law, providing a legal framework tailored to the state's franchise regulations.