Who are the parties involved in the Preliminary Agreement that this addendum modifies for Big Apple Bagels?
Big_Apple_Bagels Franchise · 2025 FDDAnswer from 2025 FDD Document
| This Addendum is to an BAGELS Preliminary Agreement dated | , 20 | between | |
|---|---|---|---|
| BAB Systems, Inc. and | (Prospective Franchisee) to amend said | ||
| Agreement as follows: |
Source: Item 23 — RECEIPTS (FDD pages 87–319)
What This Means (2025 FDD)
According to Big Apple Bagels' 2025 Franchise Disclosure Document, the parties involved in the Preliminary Agreement that the addendum modifies are BAB Systems, Inc. and the prospective franchisee. This agreement outlines the initial understanding and commitment between Big Apple Bagels, represented by BAB Systems, Inc., and an individual or entity looking to open a franchise.
The Preliminary Agreement likely covers key aspects such as the prospective franchisee's application, the franchisor's review process, and any initial deposits or fees required. It sets the stage for a potential franchise agreement, outlining the conditions under which Big Apple Bagels might grant a franchise.
Prospective franchisees should carefully review this agreement and any addenda with legal counsel to fully understand their rights and obligations before making any financial commitments. The addendum serves to modify specific terms of the original agreement, so understanding both documents is crucial.