What is the deadline for a Big Apple Bagels franchisee to sign a Franchise Agreement after site approval?
Big_Apple_Bagels Franchise · 2025 FDDAnswer from 2025 FDD Document
| Provision | Provision in Franchise Agreement (unless otherwise specified) | Summary |
|---|---|---|
| a. Length of the | Paragraph 3 | 60 days |
| Preliminary Agreement | ||
| term | ||
| b .Renewal or extension of | Paragraph 3.c.. | If you timely submit at least 1 site to us, which we do not approve, we |
| the term | may grant an extension of the term | |
| c. Requirements for Franchisee to renew or extend | Paragraph 3.c. | If you timely submit at least 1 site to us, which we do not approve, we may grant an extension of the term |
| d. Termination by Franchisee | Paragraphs 3.a, 5,a | You may withdraw your application for a franchise during term of agreement You may terminate the agreement under any grounds permitted by law. |
| e. Termination by | Not Applicable | BAB cannot terminate your Franchise Agreement without cause |
| Franchisor without cause | ||
| f. Termination by Franchisor with cause | Paragraph 5, Signature page | If you fail to sign a Franchise Agreement within 14 days of BAB's approval of your site, BAB may terminate the agreement; if you fail to sign the Preliminary Agreement and pay the deposit within 14 days of the date BAB furnishes you the Preliminary Agreement, BAB’s offer to enter into that Agreement is null and void |
| g. "Cause" defined – | Paragraph 5 | Failure to sign a Franchise Agreement within 14 days of BAB's |
| curable faults | approval of your site | |
| h. "Cause" defined – non- | Paragraph 5 | Failure to sign a Franchise Agreement within 14 days of BAB's |
| curable defaults | approval of your site |
Source: Item 17 — RENEWAL, TERMINATION, TRANSFER AND DISPUTE RESOLUTION (FDD pages 69–75)
What This Means (2025 FDD)
According to Big Apple Bagels' 2025 Franchise Disclosure Document, a prospective franchisee has a limited time frame to sign the Franchise Agreement after the franchisor approves their site. Specifically, the franchisee must sign the Franchise Agreement within 14 days of Big Apple Bagels' approval of the site. Failure to meet this deadline can result in the termination of the Preliminary Agreement by Big Apple Bagels.
This 14-day deadline is a critical point for franchisees to be aware of. It means that once a site is approved, the franchisee must act quickly to finalize the agreement. This includes reviewing the agreement, securing financing if necessary, and completing all other required steps to sign the document. The short timeframe underscores the importance of being prepared and having all necessary resources in place once site approval is anticipated.
Missing the deadline has significant consequences, as Big Apple Bagels has the right to terminate the Preliminary Agreement. This could mean losing the opportunity to establish a franchise at the approved location and potentially forfeiting any deposits or fees paid up to that point. Therefore, prospective franchisees should ensure they are fully ready to proceed once they receive site approval to avoid any potential setbacks or loss of investment.