In the Bft franchise agreement, what information is required if the Developer is signing as an individual?
Bft Franchise · 2025 FDDAnswer from 2025 FDD Document
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 together with Franchisor, the "Parties"). The Effective Date is the date Franchisor signs this Agreement as shown beneath its signature hereto.
RECITALS:
WHEREAS, Franchisor owns, administers and grants franchises for a system of fitness studios (the "Studios") that are currently identified by and use the trademark "BFT" and other related trademarks and service marks designated from time to time by Franchisor (the "Marks"), that reflect distinctive interior design and display procedures, and color scheme and décor (the "Trade Dress"), and that use certain of Franchisor's certain intellectual property including trade secrets, copyrights, confidential and proprietary information, and designated training and exercise methods and know-how, fitness equipment, furniture and fixtures, marketing, advertising and sales promotions, cost controls, accounting and reporting procedures, and personnel management systems (together with the Marks and Trade Dress, the "System"). Studios offer specialized instruction and related services that Franchisor authorizes from time to time and offer and sell certain merchandise and other products Franchisor authorizes for sale from time to time.
Source: Item 17 — RENEWAL, TERMINATION, TRANSFER AND DISPUTE RESOLUTION (FDD pages 57–66)
What This Means (2025 FDD)
Based on the 2025 Franchise Disclosure Document, the Bft Multi-Unit Agreement requires the person or entity to be identified as the "Developer" in the signature blocks. If the Developer is signing as an individual, their name and potentially other identifying information would be placed in the signature blocks as the Developer. The agreement is made effective as of the date that Bft signs the agreement.
The Multi-Unit Agreement is between Bft Franchise SPV, LLC, as the Franchisor, and the Developer. The agreement pertains to the development of multiple Bft fitness studios. The document specifies that the Developer is granted the right to develop studios within a defined territory, adhering to Bft's established system, trademarks, and operational standards.
Furthermore, if the developer is a resident of Maryland, or the studios are being developed in Maryland, or the offer to sell or buy is made or accepted in Maryland, a rider must be included in the agreement. This rider includes additional stipulations regarding insolvency, release, governing law, consent to jurisdiction, mediation, and mandatory binding arbitration.