What exhibit contains the Black Bear Diner Area Development Agreement?
Black_Bear_Diner Franchise · 2025 FDDAnswer from 2025 FDD Document
Area Development Agreement. In addition to awarding franchises for a single Black Bear Diner restaurant, we also grant qualified franchisees the option and right to develop multiple Franchised Restaurant(s) within a specific geographic area ("Development Area") over a specific time period according to a pre-determined development schedule. These franchisees will sign our Area Development Agreement in the form attached as Exhibit C to this disclosure document. Under the Area Development Agreement, you will sign a separate Franchise Agreement for each Franchised Restaurant you establish. The Franchise Agreement you sign will be the then-current form of Franchise Agreement we are offering to new franchisees. The size of the Development Area will vary depending upon local market conditions and the number of Franchised Restaurants to be developed.
Source: Item 1 — THE FRANCHISOR, AND ANY PARENTS, PREDECESSORS AND AFFILIATES (FDD pages 8–11)
What This Means (2025 FDD)
According to the 2025 Black Bear Diner Franchise Disclosure Document, the Area Development Agreement is included as Exhibit C. Black Bear Diner grants qualified franchisees the option to develop multiple restaurants within a specific geographic area over a set time period, following a pre-determined development schedule.
The Area Development Agreement allows franchisees to develop multiple Black Bear Diner restaurants within an agreed-upon Development Area. For each restaurant established under the Area Development Agreement, the franchisee must sign a separate Franchise Agreement. The Franchise Agreement will be the current form that Black Bear Diner offers to new franchisees at that time.
The size of the Development Area varies depending on local market conditions and the number of restaurants to be developed. This agreement is distinct from the single-unit franchise agreement, offering an opportunity for larger-scale expansion for qualified franchisees.