Who are the parties involved in the 'Development Agreement' for a Bojangles franchise?
Bojangles Franchise · 2025 FDDAnswer from 2025 FDD Document
This Equipment Reimbursement Incentive Program Addendum (this "Addendum") to the Bojangles 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"). RECITALS In order to encourage the development of franchised Bojangles restaurants ("Restaurants"), Franchisor has implemented an equipment reimbursement incentive program (the "Program"). Pursuant to the Development Agreement, Developer has agreed to develop and open three (3) or more Restaurants in the Assigned Area in accordance with the Development Schedule. pursuant to the Program. Franchisor and Developer are entering into this Addendum to modify the Development Agreement and to provide for Developer's receipt of the Program benefits offered by Franchisor NOW, THEREFORE, in consideration of the mutual covenants, agreements and obligations set forth below, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties, intending to be legally bound, agree as follows:
Source: Item 22 — CONTRACTS (FDD page 82)
What This Means (2025 FDD)
According to the 2025 Bojangles Franchise Disclosure Document, the Development Agreement is made between Bojangles OPCO, LLC, identified as the Franchisor, and the Developer, which is defined as a [State] [Entity Type]. This agreement outlines the terms and conditions under which the Developer will establish multiple Bojangles restaurants within a specific area. The agreement is designed to encourage the development of franchised Bojangles restaurants.
The Development Agreement outlines the responsibilities and obligations of both parties. Bojangles, as the Franchisor, provides the franchise opportunity, while the Developer commits to developing and opening a certain number of restaurants, typically three or more, in an assigned area according to a set development schedule. This schedule includes deadlines for site approval, construction commencement, and restaurant opening.
Addenda to the Development Agreement, such as the Equipment Reimbursement Incentive Program Addendum or the Development Incentive Program Addendum for Minorities, Women, and Veterans, further modify the original agreement to provide additional incentives or benefits to the Developer, subject to certain conditions and requirements. These addenda are also made between Bojangles OPCO, LLC, and the Developer, aiming to encourage specific development goals.