Under what conditions will Bft grant a one-time extension of time to comply with development obligations?
Bft Franchise · 2025 FDDAnswer from 2025 FDD Document
Notwithstanding anything contained in this Section, Franchisor will provide Developer with a onetime reasonable extension of time not to exceed 90 days to comply with its development obligations in any one of the Development Period as set forth in the Development Schedule (see Exhibit A), provided: (i) Developer has already executed a lease for, or otherwise obtained, a Site (defined in Section 2.D below) that Franchisor approves for any Studio(s) it is required to conduct its Soft Opening and operate during that Development Period; and (ii) Developer notifies Franchisor of its need for such an extension no less than 30 days prior to expiration of that Development Period. The Parties agree and acknowledge that Franchisor's grant of this one-time extension under this Section will not extend, modify or otherwise affect the expiration of any of Developer's subsequent Development Periods or subsequent development obligations.
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, Bft will grant a one-time extension of time to comply with development obligations under specific conditions. This extension will not exceed 90 days in any one Development Period as outlined in the Development Schedule (Exhibit A).
To be eligible for this extension, the developer must have already executed a lease or otherwise obtained an approved site for any studio(s) required to conduct its soft opening and operate during that Development Period. Additionally, the developer must notify Bft of their need for the extension no less than 30 days prior to the expiration of that Development Period.
It is important to note that Bft's grant of this one-time extension will not extend, modify, or otherwise affect the expiration of any of the developer's subsequent Development Periods or subsequent development obligations. This means that while a developer can get a short reprieve, it does not change the overall timeline for future development milestones.