In the Bojangles FDD, who are the parties to the 'Development Agreement'?
Bojangles Franchise · 2025 FDDAnswer from 2025 FDD Document
This Development Incentive Program Addendum (this "Addendum") to the Bojangles Opco, LLC Development Agreement dated as of (the "Development Agreement") is made as of, by and between BOJANGLES OPCO, LLC, a Delaware limited liability company ("Franchisor"), and , a [State] [Entity Type] ("Developer").
Source: Item 22 — CONTRACTS (FDD page 82)
What This Means (2025 FDD)
According to the 2025 Bojangles Franchise Disclosure Document, the parties to the Development Agreement are Bojangles OpCo, LLC, identified as the Franchisor, and the Developer, whose information regarding their state and entity type is to be provided. This agreement outlines the terms and conditions under which the Developer will establish multiple Bojangles restaurants within a specific area.
The Development Agreement is designed to encourage the expansion of Bojangles restaurants by outlining the responsibilities and expectations of both parties. The agreement ensures that the Developer adheres to the standards and guidelines set by Bojangles, while also providing the Developer with the rights and support necessary to establish and operate the restaurants.
Addenda to the Development Agreement, such as the Equipment Reimbursement Incentive Program Addendum and the Development Incentive Program Addendum for Minorities, Women, and Veterans, further modify the original agreement to include specific incentives and programs. These addenda aim to support diverse franchisees and encourage development by offering benefits like equipment reimbursement or franchise fee reductions. The specifics of these incentives are detailed within the FDD and are subject to certain conditions and compliance requirements.