What is the effective date of the Franchise Agreement that this Rider is related to for Bft?
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. 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. |
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 to the Franchise Agreement is related to a Franchise Agreement that is dated sometime in 20__. The exact date is not specified in the excerpt, but the document indicates that the Franchise Agreement has been signed concurrently with the signing of the Rider. This suggests that both agreements are intended to take effect around the same time.
This is important for prospective Bft franchisees because the Rider modifies or supersedes certain provisions of the standard Franchise Agreement. Knowing the effective date of the underlying Franchise Agreement helps to establish when the terms of the Rider become applicable. Without a clear date, it may be difficult to determine which version of a particular clause or condition is in force.
It is typical in franchising for riders or addenda to be used to customize franchise agreements to comply with state-specific laws or to address unique circumstances of the franchisee. The Bft FDD includes several state-specific riders, such as those for Illinois, Washington, North Dakota, Minnesota, and Rhode Island, indicating that the terms of the franchise agreement can vary based on location.
Prospective franchisees should confirm the exact effective date of their Franchise Agreement and any associated Riders with Bft to ensure clarity and avoid potential disputes over contractual obligations. They should also carefully review all Riders applicable to their specific location to understand how they modify the standard terms of the Franchise Agreement.