For Bft, where can I find information about the length of the Multi-Unit Agreement term?
Bft Franchise · 2025 FDDAnswer from 2025 FDD Document
| Provision | Section in Multi-Unit Agreement | Summary | |
|---|---|---|---|
| a. | Length of the term of the Multi-Unit Agreement | Section 2.A, Exhibit A | The Development Schedule will dictate the amount of time you have to open a specific number of franchises, which will differ for each Developer. |
| Provision | Section in Multi-Unit Agreement | Summary | |
| ---- | ----------------------------------------------------- | ------------------------------------ | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ |
| b. | Renewal or extension of the term | Section 2.C | If you fail to comply with your Development Schedule, you will be afforded a one-time reasonable extension of time not to exceed 90 days to comply with the Development Schedule. |
| c. | Requirements for developer to renew or extend | Section 2.C | You must have already signed a lease for the applicable premises and you request such extension at least 30 days prior to development deadline |
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, details regarding the length of the Multi-Unit Agreement term can be found in Section 2.A and Exhibit A of the agreement. The Development Schedule outlined in these sections dictates the timeframe a developer has to open a specific number of franchise locations. This schedule varies for each developer, meaning the term length is not fixed but is dependent on the agreed-upon development milestones.
This means that prospective multi-unit franchisees should carefully review the Development Schedule within their specific Multi-Unit Agreement. The term's length is directly tied to the number of franchises they commit to opening and the time frame within which they must achieve these openings. Failing to meet the Development Schedule can have consequences, as outlined elsewhere in the agreement regarding termination.
Bft does offer a one-time extension under certain conditions. If a developer fails to comply with their Development Schedule, they may be afforded a one-time reasonable extension of time not to exceed 90 days to comply with the Development Schedule. To qualify for this extension, the developer must have already signed a lease for the applicable premises and request the extension at least 30 days prior to the development deadline. This extension is not guaranteed and is subject to Bft's discretion.