What is the meaning of terms not defined in the Bft Sourcing Fee Addendum?
Bft Franchise · 2025 FDDAnswer from 2025 FDD Document
| THIS SOURCING FEE ADDENDUM | (this "Sourcing Fee Addendum") 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. , 20 Sourcing Fee Addendum. This Sourcing Fee the Franchise Agreement. Terms not otherwise defined in this Sourcing Fee defined in the Franchise Agreement. This Sourcing Fee Agreement. | Background. Franchisor and Franchisee are parties to that certain Franchise Agreement dated (the "Franchise Agreement") that has been signed concurrently with the signing of this Addendum supersedes any inconsistent or conflicting provisions of Addendum have the meanings as Addendum is annexed to and forms part of the Franchise |
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, the Sourcing Fee Addendum includes a clause addressing the definition of terms. It states that if a term is not specifically defined within the Sourcing Fee Addendum itself, then the definition provided in the overarching Franchise Agreement will apply. This ensures consistency and avoids ambiguity in interpreting the Sourcing Fee Addendum.
For a prospective Bft franchisee, this means that understanding the Franchise Agreement is crucial. When reviewing the Sourcing Fee Addendum, any unfamiliar terms should be cross-referenced with the definitions in the Franchise Agreement. This is especially important because the Sourcing Fee Addendum is connected to the Franchise Agreement.
This clause aims to streamline the interpretation of the Sourcing Fee Addendum by relying on the already established definitions within the Franchise Agreement. Franchisees should pay close attention to defined terms in both documents to fully understand their rights and obligations.