Who must execute the Bft Franchise Agreement for it to become effective?
Bft Franchise · 2025 FDDAnswer from 2025 FDD Document
This Franchise 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 "Franchisee" in the signature blocks below ("Franchisee," and together with Franchisor, the "Parties"). The Effective Date is the date Franchisor signs this Agreement as shown beneath its signature hereto.
Source: Item 23 — RECEIPTS (FDD pages 79–265)
What This Means (2025 FDD)
According to Bft's 2025 Franchise Disclosure Document, the Franchise Agreement must be executed by both BFT FRANCHISE SPV, LLC, identified as the Franchisor, and the individual or entity identified as the Franchisee. The agreement becomes effective on the date that Bft signs the agreement, as indicated beneath its signature.
This requirement ensures that both parties are legally bound to the terms and conditions outlined in the agreement. The signatures confirm that both Bft and the franchisee have agreed to their respective roles, responsibilities, and obligations. This mutual agreement is a standard practice in franchising, providing a legal framework for the franchise relationship.
The FDD specifies that the Franchisee is the person or entity identified as such in the signature blocks. This means that if the franchisee is a corporation or LLC, an authorized representative of that entity must sign. The effective date is specifically tied to the date Bft signs the agreement, which clarifies when the contractual obligations begin. This clause aims to eliminate ambiguity about when the agreement comes into force, which is a critical aspect of any franchise agreement.