Where can I find the specific dates and timelines for opening Restaurants in the Checkersrallys Development Area?
Checkersrallys Franchise · 2025 FDDAnswer from 2025 FDD Document
2.03 Development Obligations. You agree to exert your best efforts to fully develop the market potential for Restaurants in the Development Area. Without limiting the foregoing, you agree to open and operate in the Development Area, in accordance with and pursuant to Franchise Agreements, those cumulative numbers of Restaurants set forth in Section 3(a) of Exhibit A by the corresponding dates set forth therein and to achieve those cumulative numbers in accordance with the timelines set forth in Section 3(b) of Exhibit A (those dates and timelines collectively referred to herein as the "Development Schedule"). Time is of the essence in this Agreement, and we have no obligation under any circumstances to extend any of the dates or timelines in the Development Schedule.
Source: Item 23 — RECEIPTS (FDD pages 92–384)
What This Means (2025 FDD)
According to Checkersrallys's 2025 Franchise Disclosure Document, the specific dates and timelines for opening restaurants in the Development Area can be found in Exhibit A, Section 3 of the Development Agreement.
Specifically, Section 2.03 of the Development Agreement states that franchisees must exert their best efforts to fully develop the market potential for Restaurants in the Development Area. This includes opening and operating the cumulative numbers of Restaurants set forth in Section 3(a) of Exhibit A by the corresponding dates set forth therein and to achieve those cumulative numbers in accordance with the timelines set forth in Section 3(b) of Exhibit A. These dates and timelines are collectively referred to as the "Development Schedule."
It is important to note that time is of the essence in the Development Agreement, and Checkersrallys has no obligation to extend any of the dates or timelines in the Development Schedule. Therefore, prospective franchisees should carefully review Exhibit A to understand the specific development obligations and timelines for their Development Area.