According to the Checkers FDD, what does Exhibit A contain?
Checkers Franchise · 2025 FDDAnswer from 2025 FDD Document
EXHIBIT A – Development Obligations
Source: Item 23 — RECEIPTS (FDD pages 92–384)
What This Means (2025 FDD)
According to Checkers' 2025 Franchise Disclosure Document, Exhibit A outlines the development obligations for area franchisees. Specifically, it details the cumulative number of Checkers restaurants the franchisee must open and operate within their designated Development Area, as well as the corresponding dates by which these milestones must be achieved.
Section 3(a) of Exhibit A specifies the required number of restaurants, while Section 3(b) sets forth the timelines for achieving these numbers. These dates and timelines are collectively referred to as the "Development Schedule."
These obligations are a critical part of the Development Agreement, with Checkers emphasizing that time is of the essence. The company is under no obligation to extend any dates or timelines within the Development Schedule, so franchisees need to be aware of the expectations for development.