Does Southern Steer acknowledge that other Multi-Unit Developers may have different development agreements?
Southern_Steer Franchise · 2025 FDDAnswer from 2025 FDD Document
- Other Multi-Unit Developers. The Multi-Unit Developer acknowledges that other Southern Steer Multi-Unit Developers have or will be granted development agreements at different times, for different areas, under different economic conditions and in different situations, and further acknowledges that the economics, terms and conditions of such other development agreements may vary substantially in form and in substance from those contained in this Agreement.
Source: Item 5 — and 7 of the FDD, Section 3.1 of the Franchise Agreement and Section 4.1 of the Multi-Unit Development Agreement are hereby amended to state that payment of the initial franchise fee and development fee will be deferred until We have satisfied Our pre-opening obligations, and You have commenced business operations. (FDD pages 168–290)
What This Means (2025 FDD)
According to the 2025 Southern Steer Franchise Disclosure Document, Southern Steer acknowledges that other Multi-Unit Developers may have different development agreements. Specifically, Southern Steer states that other developers have or will be granted agreements at different times, for different areas, under different economic conditions, and in different situations.
Southern Steer emphasizes that the economics, terms, and conditions of these other development agreements may significantly vary in form and substance from the agreement a specific Multi-Unit Developer enters into. This means that a prospective Multi-Unit Developer should not assume that their agreement will be similar to those of other developers in the Southern Steer system.
This acknowledgement serves as a disclaimer, highlighting that each development agreement is unique and tailored to specific circumstances. A prospective Southern Steer franchisee should carefully review the terms and conditions of their own agreement and not rely on the experiences or agreements of other developers. It is important to understand that the terms can vary substantially.