What happens to prior agreements between Bft and the franchisee concerning the same subject matter when the franchise agreement is in effect?
Bft Franchise · 2025 FDDAnswer from 2025 FDD Document
This Agreement, the documents referred to herein, and the exhibits hereto, constitute the entire and only agreement between the Parties concerning the granting, awarding and licensing of Franchisee as an authorized BFT Studio franchisee at the Studio location, and supersede all prior and contemporaneous agreements. There are no representations, inducements, promises, agreements, arrangements or undertakings, oral or written, between the Parties other than those set forth herein. Except for those permitted to be made unilaterally by Franchisor hereunder, no amendment, change or variance from this Agreement shall be binding on either Party unless mutually agreed to by the Parties and executed by their authorized officers or agents in writing. This Agreement does not alter agreements between Franchisor and Franchisee for other locations. Nothing in this Agreement or in any related agreement, however, is intended to disclaim the representations Franchisor made in the FDD that Franchisor furnished to Franchisee.
Source: Item 23 — RECEIPTS (FDD pages 79–265)
What This Means (2025 FDD)
According to Bft's 2025 Franchise Disclosure Document, the franchise agreement, along with its referenced documents and exhibits, constitutes the entire agreement between Bft and the franchisee regarding the franchise. This agreement supersedes all prior agreements made between the parties.
Specifically, the franchise agreement encompasses the granting, awarding, and licensing of the franchisee as an authorized BFT Studio franchisee at the specified studio location. This means that any previous understandings, whether oral or written, are replaced by the terms and conditions outlined in the current franchise agreement.
However, the agreement does not alter any existing agreements between Bft and the franchisee for other locations. Furthermore, the franchise agreement does not disclaim any representations made by Bft in the Franchise Disclosure Document (FDD) that was furnished to the franchisee. This ensures that the franchisee can rely on the information provided in the FDD during their decision-making process.