What exhibit outlines the development schedule that a Buona developer must adhere to?
Buona Franchise · 2025 FDDAnswer from 2025 FDD Document
iability Franchisor A Dated: Dated: ADA 2025 FRANCHISOR INITIALS - 15 - DEVELOPER INITIALS
EXHIBIT A TO THE AREA DEVELOPMENT AGREEMENT
DESCRIPTION OF DEVELOPMENT AREA
[Insert description]
FRANCHISOR: CHICAGO'S ORIGINAL ITALIAN BEEF FRANCHISING, LLC An Illinois limited liability Franchisor DEVELOPER: [ENTITY NAME] A Dated: Dated: ADA 2025 - 16 - FRANCHISOR INITIALS______ ______DEVELOPER INITIALS
EXHIBIT B TO THE AREA DEVELOPMENT AGREEMENT
DEVELOPMENT SCHEDULE
Developer is obligated under this Agreement to develop, open and operate a minimum of three (3) Buona restaurants.
Source: Item 22 — CONTRACTS (FDD page 78)
What This Means (2025 FDD)
According to Buona's 2025 Franchise Disclosure Document, Exhibit B to the Area Development Agreement outlines the development schedule that a Buona developer must adhere to. The developer is obligated to develop, open, and operate a minimum of three Buona restaurants.
The development schedule specifies the last date for the execution of the Franchise Agreement, the last date for the execution of the lease or the date for the purchase agreement for the franchisor-approved site, and the date for the commencement of operations.
Compliance with the development schedule is crucial, as failure to adhere to it can result in the payment of the then-current initial franchise fee if it is greater than $32,000 when signing any additional franchise agreement. This exhibit ensures that developers understand their obligations and the timeline for opening multiple Buona restaurants under the Area Development Agreement.