What is the effective date of the Sourcing Fee Agreement for a Bft franchise?
Bft Franchise · 2025 FDDAnswer from 2025 FDD Document
| d Delay13 | ||
|---|---|---|
| C. | Franchisor's Discretion 13 | |
| D. | Developer's Responsibility 13 | |
| E. | No Recourse Against Nonparty Affiliates13 | |
| F. | Non-Disparagement14 | |
| 14. | ENTIRE AGREEMENT 14 | |
| EXHIBITS | ||
| EXHIBIT A | Ownership Interests; Development Area; Development Schedule; and Other Agreement Terms | |
| EXHIBIT B | Guarantee, Indemnification, and Acknowledgment |
BFT FRANCHISE SPV, LLC MULTI-UNIT AGREEMENT
This Multi-Unit Agreement (this "Agreement") is made effective as of the Effective Date 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 the person or entity identified as the "Developer" in the signature blocks below ("Developer," and to
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 Sourcing Fee Agreement's effective date is linked to the Multi-Unit Agreement's effective date. The Multi-Unit Agreement becomes effective on the date that Bft signs the agreement. The Developer also signs the agreement, with the effective date noted beneath the signature.
This means that the Sourcing Fee Addendum, which is tied to the Multi-Unit Agreement, also becomes effective on the date Bft signs the Multi-Unit Agreement. This date is crucial because it marks the commencement of the obligations and rights outlined in both agreements.
A prospective Bft franchisee should pay close attention to this date, as it triggers various responsibilities, including adherence to sourcing requirements and fee structures. Understanding this effective date is essential for managing the financial and operational aspects of the Bft franchise.