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What is the section number in the Bft Multi-Unit Agreement that outlines the requirements for renewal or extension?
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, the requirements for a developer to renew or extend the Multi-Unit Agreement are detailed in Section 2.C of the agreement.
Specifically, to be eligible for a renewal or extension, the developer must have already signed a lease for the applicable premises. Additionally, the developer is required to request the extension at least 30 days before the development deadline.
It's important for prospective Bft multi-unit developers to understand these requirements to ensure they can meet the criteria for renewal or extension, as failure to do so could impact their development rights.
Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only.
It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.