What does Exhibit B of the Bft Development Agreement cover?
Bft Franchise · 2025 FDDAnswer from 2025 FDD Document
See Exhibit B for BFT Franchise SPV, LLC's registered agents authorized to receive service of process.
I have received a disclosure document dated March 14, 2025, that included the following Exhibits:
Exhibit A Form of Franchise Agreement and Exhibits Exhibit H State Specific Addenda Exhibit B List of State Agents for Service of Process and State Administrators Exhibit I List of Franchisees Exhibit C Financial Statements Exhibit J List of Franchisees That Left System Exhibit D Guaranty of Performance Exhibit K Form of Multi-Unit Agreement Exhibit E Statement of Prospective Franchisee Exhibit L-1 Form of Sourcing Fee Addendum (Franchise Agreement) Exhibit F Table of Contents of Manual Exhibit L-2 Form of Sourcing Fee Addendum (Multi-Unit Agreement) Exhibit G Form of General Release Exhibit M Receipts
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, Exhibit B contains a list of state agents authorized to receive service of process for BFT Franchise SPV, LLC. Additionally, Exhibit B may identify the appropriate state agency to which a franchisee should report a violation of federal or state law if Bft does not deliver the disclosure document on time, or if it contains a false or misleading statement, or a material omission.
For a prospective Bft franchisee, this means Exhibit B provides contact information for legal representatives who can accept legal notices on behalf of Bft within specific states. This is important if a franchisee needs to serve legal papers to Bft. Furthermore, Exhibit B lists state agencies that can assist a franchisee in the event of disclosure violations.
It is important for a prospective franchisee to review Exhibit B carefully to understand their rights and how to take action if they believe Bft has violated franchise laws. This information is crucial for protecting their investment and ensuring compliance with legal requirements.