What exhibit number is assigned to 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 22 — CONTRACTS (FDD page 56)
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 offers qualified franchisees the option to develop multiple restaurants within a specific geographic area over a set time period. These franchisees are required to sign the Area Development Agreement, which is provided as Exhibit C in the FDD.
Under the Area Development Agreement, franchisees must sign a separate Franchise Agreement for each restaurant they establish. The Franchise Agreement will be the current form offered to new franchisees at that time. The size of the development area varies based on local market conditions and the number of restaurants to be developed.
Prospective franchisees should carefully review Exhibit C to fully understand the terms and conditions of the Area Development Agreement, including the development schedule, termination conditions, and the obligations of both the franchisee and Black Bear Diner.