What exhibit in the Bft Multi-Unit Agreement covers the guarantee?
Bft Franchise · 2025 FDDAnswer from 2025 FDD Document
| Obligation | Section in | |||
|---|---|---|---|---|
| Section in Franchise Agreement | Multi-Unit Agreement | Disclosure Document Item | ||
| Territorial development and | Sections 8.7 and 15.1.B(12) | Sections 2.C and 2.D, Exhibit A | Item 12 | |
| k. | ||||
| sales quotas | ||||
| Ongoing product/service | Sections 6.5 and 8.4 | Not Applicable | Items 8 and 11 | |
| l. | ||||
| purchases | ||||
| Maintenance, appearance and | Sections 7.1 and 8.1 | Not Applicable | Items 6 and 17 | |
| m. | ||||
| remodeling requirements | ||||
| n. Insura nce | Sections 10.5 and 15.1.B(8) | Not Applicable | Items 6, 7 and 8 | |
| o. Adve rtising and Fund | Article 9, Sections 5.6 and 15.1.B(5) | Not Applicable | Items 6 and 11 | |
| p. Indem nification | Sections 4.1, 6.9, 7.1.E, 11.2, 15.4, and Exhibit 3 | Section 7.B | Item 6 | |
| Owner’s participation/ q. management/staffing | Sections 2.2.B, 5.5.A, 5.5.B, 8.3, and 8.6 | Article 1 | Item 15 | |
| r. Recor ds and reports | Section 10.1 | Article 10 | Item 11 | |
| s. Inspe ctions and audits | Sections 8.2 and 10.2 | Not Applicable | Items 11 | |
| t. Trans fer | Section 13.1.B(3), Article 14, and Section 15.1.A(6) | Article 9 | Items 6 and 17 | |
| u. Renew al | Section 3.2 | Not Applicable | Item 17 | |
| v. Post- termination obligations | Article 13 and Section 15.3 | Section 8.C | Item 17 | |
| w. Non-c ompetition covenants | Article 13, Sections 15.1.A(13) and 15.3.G | Article 6 | Item 17 | |
| x. Dispu te resolution | Article 16 | Article 12 | Item 17 | |
| y. Guara ntee | Section 2.2.B and Exhibit 3 Initial Training Program Owner/Operator Training Module | Exhibit B | Item 1, Exhibit D |
Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS AND TRAINING (FDD pages 37–50)
What This Means (2025 FDD)
According to Bft's 2025 Franchise Disclosure Document, the guarantee related to the Multi-Unit Agreement is detailed in Exhibit B. The table in Item 11 outlines various aspects of the franchise and multi-unit agreements, specifying which sections of those agreements and exhibits relate to each aspect.
Specifically, the guarantee is addressed in Section 2.2.B and Exhibit 3 of the Franchise Agreement, as well as Exhibit B of the Multi-Unit Agreement. This indicates that prospective multi-unit franchisees should carefully review Exhibit B to understand the specifics of the guarantee required under the Multi-Unit Agreement.
Understanding the guarantee is crucial for multi-unit franchisees as it likely outlines the financial or performance obligations they must meet. It is important to consult this exhibit to fully understand the obligations and potential liabilities associated with the guarantee.