What is the maximum extension of time a Bft developer can receive to comply with the Development Schedule?
Bft Franchise · 2025 FDDAnswer from 2025 FDD Document
Notwithstanding anything contained in this Section, Franchisor will provide Developer with a onetime reasonable extension of time not to exceed 90 days to comply with its development obligations in any one of the Development Period as set forth in the Development Schedule (see Exhibit A), provided: (i) Developer has already executed a lease for, or otherwise obtained, a Site (defined in Section 2.D below) that Franchisor approves for any Studio(s) it is required to conduct its Soft Opening and operate during that Development Period; and (ii) Developer notifies Franchisor of its need for such an extension no less than 30 days prior to expiration of that Development Period. The Parties agree and acknowledge that Franchisor's grant of this one-time extension under this Section will not extend, modify or otherwise affect the expiration of any of Developer's subsequent Development Periods or subsequent development obligations.
Source: Item 17 — RENEWAL, TERMINATION, TRANSFER AND DISPUTE RESOLUTION (FDD pages 57–66)
What This Means (2025 FDD)
According to the 2025 Bft Franchise Disclosure Document, a developer may receive a one-time extension of time to comply with their development obligations. This extension cannot exceed 90 days for any single Development Period as outlined in the Development Schedule.
However, this extension is conditional. To be eligible, the Bft developer must have already secured a lease or otherwise obtained an approved site for any studio they are required to open during that specific Development Period. Additionally, the developer must formally notify Bft of their need for the extension at least 30 days before the expiration of the Development Period in question.
It's important to note that this one-time extension, if granted by Bft, does not alter or extend any subsequent Development Periods or future development obligations. This means the developer's timeline for opening additional studios remains unchanged, even with the 90-day extension for a specific period. This policy ensures that delays in one period do not cascade and affect the overall development schedule agreed upon.