What sections of the Bft Multi-Unit Agreement regarding mediation and mandatory binding arbitration are modified by this Rider?
Bft Franchise · 2025 FDDAnswer from 2025 FDD Document
Mediation; Mandatory Binding Arbitration. The following is added to the end of Sections 12.C (Mediation) and 12.D (Mandatory Binding Arbitration) of the Multi-Unit Agreement:
Source: Item 17 — RENEWAL, TERMINATION, TRANSFER AND DISPUTE RESOLUTION (FDD pages 57–66)
What This Means (2025 FDD)
According to the 2025 FDD, this Rider modifies sections of the Bft Multi-Unit Agreement pertaining to mediation and mandatory binding arbitration. Specifically, it states that the following is added to the end of Sections 12.C (Mediation) and 12.D (Mandatory Binding Arbitration) of the Multi-Unit Agreement. This indicates that the original sections on mediation and arbitration are not replaced entirely but supplemented with additional terms or conditions as outlined in the Rider.
This modification is relevant for prospective Bft multi-unit developers as it directly impacts how disputes with the franchisor will be handled. By adding to the existing sections, the Rider potentially introduces new steps, conditions, or limitations to the mediation and arbitration processes. It is crucial for developers to understand these additions, as they could affect their rights and options in case of a disagreement with Bft.
It is important to note that the specific content added to Sections 12.C and 12.D is not provided in this excerpt. Therefore, a prospective franchisee should carefully review the full Rider and Multi-Unit Agreement to understand the exact nature of these modifications. They should also seek legal counsel to assess the implications of these changes on their rights and obligations under the franchise agreement.