What is the Black Bear Diner Developer required to do regarding the balance of the Franchise Fee?
Black_Bear_Diner Franchise · 2025 FDDAnswer from 2025 FDD Document
Within 30 days after receipt of the site approval package by Franchisor, Franchisor shall deliver two (2) copies of the Franchise
Agreement along with a copy of its then current franchise disclosure document, if required by law. Immediately upon receipt of the franchise disclosure document, Developer shall return to Franchisor a signed copy of the Receipt Page of the disclosure document. Developer shall execute and deliver as instructed by Franchisor two copies of said Franchise Agreement and the balance of the Franchise Fee therefore as provided in Section 3.1 above.
Source: Item 23 — RECEIPT (FDD pages 56–243)
What This Means (2025 FDD)
According to the 2025 Black Bear Diner Franchise Disclosure Document, within 30 days after the franchisor sends the site approval package, the franchisor will deliver two copies of the Franchise Agreement and a copy of the current franchise disclosure document, if required by law. Upon receiving the franchise disclosure document, the Developer must return a signed copy of the receipt page.
Furthermore, the Developer is required to execute and deliver two copies of the Franchise Agreement as instructed by Black Bear Diner, along with the balance of the Franchise Fee, as specified in Section 3.1 of the agreement. This indicates that the Developer's obligations include both the timely return of documents and the payment of the remaining Franchise Fee balance.
This requirement ensures that Black Bear Diner receives the necessary documentation and payment to proceed with establishing a new franchise location. The franchise fee is deemed fully earned upon receipt and is non-refundable, except as otherwise provided in Section 8.3 of this Agreement. The Franchise Fee is earned upon receipt and is payment, in part, for costs and expenses incurred by Franchisor in granting the franchise.