What is the legal relationship between Bft Franchise SPV and the Franchisee as defined in this rider?
Bft Franchise · 2025 FDDAnswer from 2025 FDD Document
| 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 | ("Franchisee"). |
| 1. | are parties to that certain Franchise Agreement dated |
| Background. Franchisor | |
| and Franchisee | |
| , 20 (the "Franchise Agreement") that has been signed concurrently | |
| with the signing of this Rider. This Rider supersedes any inconsistent or conflicting provisions of the | |
| Franchise Agreement. Terms not otherwise defined in this Rider have the meanings as defined in the | |
| Franchise Agreement. | |
| This Rider is annexed to and forms part of the Franchise Agreement. This Rider is | |
| being signed because (a) | (b) if Franchisee is |
| an | |
| offer to sell the franchise was made | |
| in North Dakota; or | |
| domiciled in the State of North Dakota | its Franchise Agreement |
| or | |
| the Studio | |
| that Franchisee operates | |
| under | |
| is or will be operated in the State of North Dakota. |
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, the legal relationship between Bft Franchise SPV, LLC and the Franchisee is defined within the context of a rider to the franchise agreement. This rider is made and entered into by and between Bft Franchise SPV, LLC, identified as the Franchisor, and the entity or individual whose principal business address is listed, identified as the Franchisee.
The rider is an integral part of the franchise agreement, as it is annexed to and forms part of it. This rider is signed concurrently with the franchise agreement and supersedes any conflicting provisions within the original agreement. This indicates that the rider serves to modify or add specific terms to the existing franchise agreement between Bft and the franchisee.
The rider's implementation is triggered by specific conditions, such as the offer to sell the franchise being made in North Dakota, the franchisee being domiciled in North Dakota, or the studio operated under the franchise agreement being located in North Dakota. This suggests that the rider is designed to address specific legal or regulatory requirements within certain jurisdictions, ensuring compliance and clarity in the franchise relationship. Similar riders are used when any offering or sales activity occurred in Rhode Island, the franchisee is a resident of Rhode Island, or the studio is operated in Rhode Island; when the franchisee is domiciled in New York or the studio will be located in New York; when the offer is directed into the state of Washington or the franchisee is a resident of Washington or the studio is located in Washington; or when the franchisee is a resident of Maryland, the studio is operated in Maryland, or the offer to sell or buy the franchise was made or accepted in Maryland.