What is the name of the Rider document that modifies the Bft Franchise Agreement?
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 document that modifies the Bft Franchise Agreement is called "THIS RIDER (this "Rider")." This rider is made and entered into by and between BFT FRANCHISE SPV, LLC and the franchisee.
The Rider is signed concurrently with the Franchise Agreement and is annexed to it, forming a part of the agreement. The Rider supersedes any inconsistent or conflicting provisions within the original Franchise Agreement, ensuring that the terms of the Rider take precedence in case of discrepancies. Terms that are not specifically defined in the Rider will have the same meanings as defined in the Franchise Agreement.
The Rider is implemented because of specific conditions, such as if the franchisee is domiciled in a particular state (e.g., North Dakota or New York), if the offer to sell the franchise was made in a specific state, or if the studio operated under the Franchise Agreement is located in a particular state. This ensures that state-specific regulations and considerations are addressed within the franchise agreement.