If a Bft franchisee is a resident of Maryland, is this Rider signed?
Bft Franchise · 2025 FDDAnswer from 2025 FDD Document
TO FOLLOW]*
IN WITNESS WHEREOF, the parties have executed and delivered this Rider to be effective as of the effective date of the Multi-Unit Agreement.
BFT FRANCHISE SPV, LLC, a Delaware limited liability company [NAME OF DEVELOPER] Capacity:
RIDER TO THE BFT FRANCHISE SPV, LLC MULTI-UNIT AGREEMENT FOR USE IN MINNESOTA
| THIS RIDER (this "Rider") is made and entered into 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, | |
| whose principal business address is | ("Developer"). |
| 1. | dated |
| Background. Franchisor and Developer are parties to that certain Multi-Unit Agreement | |
| , 20 (the "Multi-Unit Agreement") that has been signed concurrently | |
| with the signing of this Rider. |
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, a rider is signed if a franchisee is a resident of Maryland. The rider is annexed to and forms part of the Franchise Agreement. This rider supersedes any inconsistent or conflicting provisions of the Franchise Agreement.
The rider is also signed if the studio that the franchisee operates is or will be operated in the State of Maryland, if the offer to sell the franchise was made in the State of Maryland, or if the offer to buy the franchise was accepted in the State of Maryland.
The rider includes stipulations regarding releases, insolvency, governing law, consent to jurisdiction, mediation, and mandatory binding arbitration.