Does the Black Bear Diner Franchise Disclosure Document include a copy of the Franchise Agreement?
Black_Bear_Diner Franchise · 2025 FDDAnswer from 2025 FDD Document
I received a disclosure document dated March 28, 2025 that included the following Exhibits:
- A. List of Agents for Service of Process and State Administrators
- B. Franchise Agreement
- C. Area Development Agreement
- D. Contents of Manual
- E. Financial Statements
- F. List of Black Bear Diner Franchisees
- G. List of Franchisees Who Have Left the System
- H. Multi-State Addenda
- I. Form of General Release
- J. State Effective Dates
Source: Item 23 — RECEIPT (FDD pages 56–243)
What This Means (2025 FDD)
Yes, the 2025 Black Bear Diner Franchise Disclosure Document (FDD) includes a copy of the Franchise Agreement as one of its exhibits. Specifically, the receipt page of the disclosure document lists the exhibits included. Prospective franchisees receive the FDD, which summarizes key provisions of the franchise agreement, well in advance of signing any binding agreements or making payments.
According to the receipt, Exhibit B is the Franchise Agreement. This inclusion allows potential franchisees to thoroughly review the terms and conditions before committing to the franchise.
This practice aligns with franchise industry standards, ensuring transparency and providing franchisees ample opportunity to seek legal counsel and fully understand their obligations and rights under the agreement. Franchisees should carefully examine the Franchise Agreement and all other exhibits to make an informed decision.