Under the Bojangles Equipment Reimbursement Incentive Program Addendum, what is the deadline for a developer to have signed the Development Agreement to be eligible for the program?
Bojangles Franchise · 2025 FDDAnswer from 2025 FDD Document
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' 2025 Franchise Disclosure Document, to be eligible for the Equipment Reimbursement Incentive Program, a developer must sign the Development Agreement no later than December 31, 2025. Additionally, the developer must commit to developing at least three new Bojangles restaurants.
This incentive program is designed to encourage the development of new Bojangles restaurants. By setting a deadline, Bojangles aims to create a sense of urgency and ensure timely execution of development plans.
It's important to note that eligibility also requires adherence to other conditions, such as not participating in other incentive programs and full compliance with all agreements with Bojangles and its affiliates. This ensures that the incentive is targeted towards developers who are fully committed to the Bojangles system and not seeking multiple benefits simultaneously. Therefore, prospective franchisees should carefully review all eligibility requirements to ensure they qualify for the program.