For Bft, what specific document outlines the Development Schedule?
Bft Franchise · 2025 FDDAnswer from 2025 FDD Document
| Provision | Section in Multi-Unit Agreement | Summary | |
|---|---|---|---|
| a. | Length of the term of the Multi-Unit Agreement | Section 2.A, Exhibit A | The Development Schedule will dictate the amount of time you have to open a specific number of franchises, which will differ for each Developer. |
| 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 Development Schedule, which dictates the amount of time a developer has to open a specific number of franchises, is outlined in Section 2.A and Exhibit A of the Multi-Unit Agreement. The specific timeframe to open franchises will differ for each developer.
Prospective multi-unit franchisees should carefully review Exhibit A and Section 2.A of the Multi-Unit Agreement to fully understand the development schedule and its implications. Failure to adhere to the development schedule could result in consequences such as termination of the agreement.
Bft does allow for a one-time reasonable extension of time, not to exceed 90 days, to comply with the Development Schedule if the developer has already signed a lease for the applicable premises and requests such extension at least 30 days prior to the development deadline. This extension provides a limited opportunity for developers facing unforeseen delays to meet their obligations, but it is contingent on specific conditions being met.