Are there State Specific Addenda included as exhibits to the Bft Franchise Agreement?
Bft Franchise · 2025 FDDAnswer from 2025 FDD Document
Applicable state law may require additional disclosures related to the information in this Disclosure Document. These additional disclosures appear in Exhibit H, entitled State Specific Addenda, to this Disclosure Document.
EXHIBIT H
STATE SPECIFIC ADDENDA
ADDITIONAL DISCLOSURES FOR THE FRANCHISE DISCLOSURE DOCUMENT OF BFT FRANCHISE SPV, LLC
The following are additional disclosures for the Franchise Disclosure Document of BFT FRANCHISE SPV, LLC required by various state franchise laws. Each provision of these additional disclosures will only apply to you if the applicable state franchise law applies to you.
FOR THE FOLLOWING STATES: CALIFORNIA, HAWAII, ILLINOIS, INDIANA, MARYLAND, MICHIGAN, MINNESOTA, NEW YORK, NORTH DAKOTA, RHODE ISLAND, SOUTH DAKOTA, VIRGINIA , OR WISCONSIN.
No statement, questionnaire, or acknowledgment signed or agreed to by a franchisee in connection with the commencement of the franchise relationship shall have the effect of (i) waiving any claims under any applicable state franchise law, including fraud in the inducement, or (ii) disclaiming reliance on any statement made by any franchisor, franchise seller, or other person acting on behalf of the franchisor. This provision supersedes any other term of any document executed in connection with the franchise.
CALIFORNIA
The registration of this franchise offering by the California Department of Financial Protection and Innovation does not constitute approval, recommendation, or endorsement by the Commissioner.
Source: Item 22 — CONTRACTS (FDD page 79)
What This Means (2025 FDD)
According to Bft's 2025 Franchise Disclosure Document, state-specific addenda are included as exhibits. Specifically, Exhibit H to the Disclosure Document is entitled "State Specific Addenda." These addenda contain additional disclosures required by various state franchise laws, and each provision applies only if the respective state franchise law is applicable to the franchisee.
For franchisees in California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Rhode Island, South Dakota, Virginia, or Wisconsin, no statement signed by the franchisee can waive claims under state franchise law, including fraud in the inducement, or disclaim reliance on statements made by Bft or its representatives. This provision supersedes any conflicting terms in other documents related to the franchise agreement.
For prospective franchisees, it's crucial to review Exhibit H carefully to understand any state-specific regulations that may impact their franchise agreement. Franchisees should pay close attention to the provisions applicable to their state and how these might affect their rights and obligations under the franchise agreement. In Illinois, there are state-specific riders to both the Franchise Agreement and the Multi-Unit Agreement.