After termination or expiration of the Hardees Development Agreement, what must the developer furnish to HR as evidence of compliance with Sections 14.A through 14.E, and within what timeframe?
Hardees Franchise · 2025 FDDAnswer from 2025 FDD Document
- G. Developer shall furnish HR, within 30 days after the effective date of termination or expiration, evidence (certified to be true, complete, accurate and correct by an authorized officer of Developer) satisfactory to HR of Developer's compliance with Sections 14.A. through 14.E.
Source: Item 23 — Receipts (FDD pages 85–541)
What This Means (2025 FDD)
According to Hardees's 2025 Franchise Disclosure Document, after the termination or expiration of the Development Agreement, the developer must provide evidence of compliance with Sections 14.A through 14.E to HR. This evidence must be certified as true, complete, accurate, and correct by an authorized officer of the developer. The evidence must be satisfactory to HR.
The specific obligations outlined in Sections 14.A through 14.E, which the developer must demonstrate compliance with, include the cessation of development rights (except for projects with fully executed Commitment Agreements), the termination of exclusive rights in the Development Territory, the return of materials and information to Hardees, and continued adherence to non-compete covenants.
The developer has 30 days after the effective date of termination or expiration to furnish this evidence to Hardees. This requirement ensures that the developer fulfills all post-termination obligations and protects Hardees's interests and system standards.