Where can the Development Schedule be found for the Face Foundrie Area Development Agreement?
Face_Foundrie Franchise · 2025 FDDAnswer from 2025 FDD Document
| Provision | Area Development | Summary | |
|---|---|---|---|
| Agreement | |||
| (a) | Length of the franchise term | Section 2 and Exhibit A | Unless sooner terminated in accordance with the provisions of the Area Development Agreement, the Area Development Agreement will commence on the date of the Area Development Agreement and will expire on the earlier of (i) the date you execute the final Franchise Agreement in accordance with the required minimum cumulative number of Franchise Agreements to be executed for Facial Bars to be located in the Development Territory as set forth in the Development Schedule; or (ii) the final date set forth in the Development Schedule. |
Source: Item 17 — RENEWAL, TERMINATION, TRANSFER, AND DISPUTE RESOLUTION OF THE FRANCHISE RELATIONSHIP (FDD pages 51–59)
What This Means (2025 FDD)
According to Face Foundrie's 2025 Franchise Disclosure Document, the Development Schedule for the Area Development Agreement can be found in Section 2 and Exhibit A of the agreement. The length of the Area Development Agreement term is determined by this schedule. The agreement commences on the date of the Area Development Agreement and expires on the earlier of two conditions: either the date you execute the final Franchise Agreement in accordance with the required minimum cumulative number of Franchise Agreements for Facial Bars in the Development Territory, or the final date specified in the Development Schedule itself.
For a prospective Face Foundrie area developer, this means the Development Schedule is a critical document. It outlines the specific timeline and milestones for opening Facial Bar locations within the designated territory. The agreement's term is directly tied to adherence to this schedule, so understanding its contents is essential for fulfilling the obligations of the Area Development Agreement.
Failure to meet the milestones outlined in the Development Schedule could lead to termination of the Area Development Agreement. Therefore, prospective area developers should carefully review Section 2 and Exhibit A to fully understand the required development pace and associated deadlines. This will allow them to assess their ability to meet the franchisor's expectations and avoid potential breaches of contract.