Which section of the Big Apple Bagels Franchise Agreement addresses the franchisee's obligation regarding liquidated damages?

According to Big Apple Bagels's 2025 Franchise Disclosure Document, Item 9 outlines the franchisee's obligations under the Franchise Agreement. Specifically, section 17.g. of the Franchise Agreement addresses the franchisee's obligations regarding liquidated damages. This information is also referenced in Item 6 of the Franchise Disclosure Document.

Liquidated damages typically refer to a predetermined amount of money that a franchisee must pay to the franchisor in the event of a breach of contract, such as early termination of the franchise agreement. This pre-agreed amount aims to compensate the franchisor for losses incurred due to the franchisee's non-compliance.

Prospective Big Apple Bagels franchisees should carefully review section 17.g. of the Franchise Agreement to fully understand the circumstances under which liquidated damages may be assessed, the methods for calculating such damages, and their potential financial exposure. Understanding these terms is crucial before entering into a franchise agreement to avoid unexpected financial burdens.