What is the term length of the Development Agreement for Potbelly Sandwich Works?

According to Potbelly Sandwich Works' 2025 Franchise Disclosure Document, the term of the Shop Development Area Agreement (SDAA) starts on the Effective Date and expires on the expiration date set forth in Exhibit A, unless it is terminated sooner in accordance with Section 8. The document explicitly states that the developer has no right to renew or extend their rights under the SDAA. This means that the length of the agreement is defined by what is outlined in Exhibit A, which is not provided in this excerpt.

For a prospective franchisee, this indicates that the development agreement's term is fixed and non-negotiable in terms of renewal or extension. The exact duration is a critical detail to be found in Exhibit A, as it dictates the period within which the franchisee must develop the agreed-upon number of Potbelly Sandwich Works locations. Failure to meet the development schedule could lead to termination of the agreement, as indicated by the reference to Section 8.

It is important for potential developers to carefully review Exhibit A of the SDAA to understand the specific term length and associated development obligations. Understanding these timelines is crucial for planning and securing financing, as well as for assessing the feasibility of meeting the development requirements within the given timeframe. Since the specific term length is not detailed in this excerpt, prospective franchisees should confirm this information with Potbelly Sandwich Works before entering into a development agreement.