What is the maximum length of the one-time extension of time afforded to a Bft developer?
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 Bft's 2025 Franchise Disclosure Document, a developer may be granted a one-time extension to comply with their development obligations. This extension cannot exceed 90 days for any single Development Period as outlined in Exhibit A of the Multi-Unit Agreement.
However, this extension is conditional. To qualify, the developer must have already secured a lease or otherwise obtained an approved site for any studio they are required to open and operate during the 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, does not alter or extend any subsequent Development Periods or future development obligations. This means the developer's timeline for opening other studios remains unchanged, even with the 90-day extension for a specific location. This provision allows for some flexibility in the face of unforeseen delays while ensuring the overall development schedule remains on track.