What is the length of the Preliminary Agreement term for a Big Apple Bagels franchise?
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 |
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, the Preliminary Agreement term is 60 days, as detailed in Paragraph 3 of the agreement. This agreement allows both the prospective franchisee and Big Apple Bagels to evaluate each other before entering into a full franchise agreement.
During this 60-day period, the franchisee typically scouts potential locations for their Big Apple Bagels store. If the franchisee submits at least one site to Big Apple Bagels within this timeframe, and Big Apple Bagels does not approve the site, Big Apple Bagels may grant an extension of the Preliminary Agreement.
It is important to note that if a franchisee fails to sign a Franchise Agreement within 14 days of Big Apple Bagels' approval of their site, Big Apple Bagels has the right to terminate the Preliminary Agreement. Additionally, if the franchisee does not sign the Preliminary Agreement and pay the deposit within 14 days of receiving the agreement from Big Apple Bagels, the offer to enter into the Preliminary Agreement becomes null and void.