What document does this Rider modify or supersede in the Bft franchise agreement?
Bft Franchise · 2025 FDDAnswer from 2025 FDD Document
TO FOLLOW]*
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 MINNESOTA
| 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. | dated |
| Background. Franchisor and Developer are parties to that certain Multi-Unit Agreement | |
| , 20 (the "Multi-Unit Agreement") that has been signed concurrently | |
| with the signing of this Rider. |
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 Rider is designed to modify or supersede the existing Franchise Agreement. Specifically, the Rider takes precedence over any provisions within the Franchise Agreement that are inconsistent or conflicting with the Rider's terms. This ensures that the terms of the Rider are upheld in situations where there might be discrepancies between the two documents. The Rider also states that any terms not specifically defined within the Rider itself will have the same meanings as defined in the original Franchise Agreement. This maintains consistency and clarity across both documents.
For prospective Bft franchisees, this means that the Rider is an important document to review carefully alongside the Franchise Agreement. Franchisees should pay close attention to any areas where the Rider modifies or supersedes the original agreement, as these changes will govern their franchise relationship. Understanding the interplay between the Franchise Agreement and the Rider is crucial for ensuring compliance and avoiding potential disputes with Bft.
It's also important to note the specific reasons for the Rider being signed, such as the franchisee's residency or the location of the studio in a particular state like Maryland or North Dakota. These state-specific provisions can have significant implications for the franchisee's rights and obligations, particularly in areas such as dispute resolution, governing law, and termination. Franchisees should seek legal counsel to fully understand the impact of these provisions on their franchise agreement.
In the case of multi-unit agreements, the Rider also modifies the Multi-Unit Agreement. For example, a Rider for use in North Dakota modifies the Bft Franchise SPV, LLC Multi-Unit Agreement. Similarly, a Rider related to operations in Washington state also modifies the Multi-Unit Agreement. These Riders address specific legal and regulatory requirements within those states, ensuring that the franchise operations comply with local laws.