What is the condition for a franchisee to terminate the franchise agreement with Basecamp Fitness?
Basecamp_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
You will be deemed in default under this Agreement if you breach any of the terms of this Agreement or if you or any affiliate of yours breaches any of the terms of any Franchise Agreement or any other agreement that you or your affiliates have with us or our affiliates. For purposes of this Agreement, an "affiliate" of any person will be any person or entity that controls that person, is under the control of that person, or is under common control with that person.
Source: Item 17 — RENEWAL, TERMINATION, TRANSFER, AND DISPUTE RESOLUTION (FDD pages 51–55)
What This Means (2025 FDD)
According to Basecamp Fitness's 2025 Franchise Disclosure Document, the document does not provide information on the conditions under which a franchisee can terminate the franchise agreement. Instead, it details the conditions under which Basecamp Fitness can terminate the agreement with the franchisee.
Specifically, the FDD mentions that Basecamp Fitness can terminate the agreement if the franchisee breaches any terms of the Area Development Agreement or any Franchise Agreement, or any other agreements that the franchisee or their affiliates have with Basecamp Fitness or its affiliates. The document defines an "affiliate" as any person or entity that controls, is controlled by, or is under common control with that person.
Since the FDD excerpt does not describe the conditions under which a franchisee may terminate the agreement, it is important for a prospective franchisee to ask Basecamp Fitness directly about the specific conditions and procedures required for the franchisee to terminate the franchise agreement. Understanding these conditions is crucial for making an informed decision about investing in a Basecamp Fitness franchise.