What is the prospective franchisee required to initial in the Bft Sourcing Fee Addendum section?
Bft Franchise · 2025 FDDAnswer from 2025 FDD Document
in Franchisor's then-current form of lease addendum, the current form of which is attached as Exhibit 4, or substantially similar provisions acceptable to Franchisor ("Lease Addendum");
Source: Item 23 — RECEIPTS (FDD pages 79–265)
What This Means (2025 FDD)
Based on the 2025 Bft Franchise Disclosure Document, there is no mention of a "Sourcing Fee Addendum" that requires the prospective franchisee to initial. The document does refer to a "Lease Addendum" in Item 23, which the franchisee must execute in Franchisor's current form, or substantially similar provisions acceptable to Bft. This Lease Addendum is attached as Exhibit 4.
However, the FDD excerpts provided do not detail the specific contents of Exhibit 4 or the Lease Addendum, so it is not possible to determine whether it requires the franchisee to initial any part of the document. The excerpts focus primarily on training fees, the Learning Management System, and general obligations of the franchisee.
Therefore, a prospective Bft franchisee should carefully review Exhibit 4 and the Lease Addendum to understand its terms and conditions, and specifically whether any initialing is required. It would be prudent to consult with a legal professional to fully understand the implications of this addendum before signing the franchise agreement.