What is the name of the agreement that this rider is annexed to for Bft?
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. |
| Background. Franchisor |
| and Franchisee |
| are parties to that certain Franchise Agreement dated |
| , 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) |
| the Franchisee is a resident of the State of Minnesota, (b) the Studio |
| that |
| Franchisee will develop under the Franchise Agreement is |
| or will |
| be |
| located |
| in the State of Minnesota; or |
| (c) |
| any of the offering or sales activity relating to the Franchise Agreement occurred in the State of |
| Minnesota. |
| 2. |
| Releases. The following is added to the end of Sections 3.2.C (Successor Franchise) |
| and 14.2 |
| (Conditions for Approval of Transfer) |
| of the Franchise Agreement: |
| Any release required as a condition of renewal and/or assignment/transfer will not apply to |
| the extent prohibited by the Minnesota Franchises Law. |
| 3. |
| Ownership of Marks. The following language is added to the end of Section 4.1 |
| (Ownership |
| of Marks) |
| of the Franchise Agreement: |
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 rider is annexed to either the Franchise Agreement or the Multi-Unit Agreement, depending on the specific situation. For a standard franchise, the rider is part of the "Franchise Agreement".
Specifically, the rider modifies the Franchise Agreement for franchisees in Minnesota or when sales activities related to the agreement occur in Minnesota. The rider addresses issues like releases required for renewal or transfer, ensuring they comply with Minnesota franchise law. It also adds language to sections regarding ownership of marks within the Franchise Agreement.
For developers entering into a multi-unit agreement with Bft, the rider is annexed to the "Multi-Unit Agreement". This applies when an offer to sell is made in North Dakota, the developer is domiciled in North Dakota, the offer is directed into the State of Washington and is received where it is directed, the developer is a resident of the State of Washington, or the studios developed under the Multi-Unit Agreement are located in Washington or Rhode Island. The rider addresses specific legal requirements and conditions related to operating multi-unit franchises in those states, such as surety bonds and governing law.