Under what conditions is the Addendum to the Development Agreement for Bojangles executed?
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: 1. Program Eligibility. In order to be eligible to receive, and continue receiving, the benefits of the Program, Developer acknowledges and agrees that it must satisfy the following conditions: A. 31, 2025 to develop at least three (3) new Restaurants; Developer must have signed the Development Agreement no later than December B. concessions from Franchisor or its affiliates; Developer may not participate in any other incentive programs under any other development agreements with Franchisor or its affiliates nor receive any other monetary C. If Developer executes multiple new development agreements with Franchisor simultaneously or in the same year, the Program will only apply to Developer's development agreement that has the most store commitments listed therein; and D. Franchisor and/or its affiliates. Developer and/or its affiliates must be in full compliance with the terms of the Development Agreement, any Franchise Agreement and any other agreement with
Source: Item 22 — CONTRACTS (FDD page 82)
What This Means (2025 FDD)
According to Bojangles's 2025 Franchise Disclosure Document, there are specific conditions under which an Addendum to the Development Agreement is executed. One such addendum is the Equipment Reimbursement Incentive Program Addendum. This addendum is designed to encourage the development of franchised Bojangles restaurants. Bojangles and the developer enter into this addendum to modify the Development Agreement, allowing the developer to receive benefits from the program.
To be eligible for the Equipment Reimbursement Incentive Program, the developer must meet certain conditions. First, the developer must have signed the Development Agreement by December 31, 2025, and commit to developing at least three new Bojangles restaurants. Second, the developer cannot participate in any other incentive programs with Bojangles or its affiliates, nor can they receive other monetary concessions from Bojangles or its affiliates. Third, if the developer signs multiple new development agreements with Bojangles in the same year, the program will only apply to the agreement with the most store commitments. Finally, the developer and its affiliates must fully comply with the terms of the Development Agreement, any Franchise Agreement, and any other agreement with Bojangles and/or its affiliates.
Another addendum is the Development Incentive Program Addendum for Minorities, Women, and Veterans. Bojangles enters into this addendum to modify the Development Agreement and provide program benefits to the developer. This addendum aims to encourage franchise development by individuals from historically underrepresented groups. The execution of these addenda signifies Bojangles's commitment to supporting and incentivizing franchise development through various targeted programs.