What section of the Bft Multi-Unit Agreement discusses renewal or extension of the term?
Bft Franchise · 2025 FDDAnswer from 2025 FDD Document
| Provision | Section in Multi-Unit Agreement | Summary | |
|---|---|---|---|
| b. | Renewal or extension of the term | Section 2.C | If you fail to comply with your Development Schedule, you will be afforded a one-time reasonable extension of time not to exceed 90 days to comply with the Development Schedule. |
| c. | Requirements for developer to renew or extend | Section 2.C | You must have already signed a lease for the applicable premises and you request such extension at least 30 days prior to development deadline |
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, Section 2.C of the Multi-Unit Agreement addresses the renewal or extension of the agreement's term. Specifically, if a developer fails to comply with their Development Schedule, they may be afforded a one-time extension of time, not exceeding 90 days, to meet the schedule requirements.
To qualify for this extension under Section 2.C, the developer must have already signed a lease for the applicable premises and must request the extension at least 30 days before the development deadline. This stipulation ensures that developers are proactive in securing their locations and provides Bft with sufficient notice to assess the extension request.
This information is summarized in Item 17, which covers renewal, termination, transfer, and dispute resolution, providing a high-level overview of the relevant sections within the Multi-Unit Agreement. Prospective franchisees should carefully review Section 2.C and related sections to fully understand the conditions and limitations regarding renewal or extension options.