Does a one-time extension granted by Bft for a specific development period affect subsequent development periods or obligations?
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 one-time extension granted by Bft for a specific development period does not impact subsequent development periods or obligations. Bft may grant a one-time extension of up to 90 days for a franchisee to meet development obligations within a specific Development Period, as outlined in Exhibit A of the Multi-Unit Agreement.
However, this extension is conditional. To qualify, the franchisee must have already secured a lease or site approved by Bft for any studio required to open during that specific development period. Additionally, the franchisee must notify Bft of the need for the extension at least 30 days before the expiration of the development period.
The document explicitly states that granting this one-time extension will not extend, modify, or otherwise affect the expiration of any subsequent development periods or the franchisee's future development obligations. This means that even if a franchisee receives an extension for one period, they are still obligated to meet the original deadlines for all subsequent development periods as initially agreed upon in the Development Schedule.