When consulting with outside counsel for Basecamp Fitness, is there a preference for who should be represented?
Basecamp_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
| Consultations with outside counsel are conducted by telephone. Please indicate who you prefer to have represented by |
|---|
| outside counsel 5 . |
| I,, hereby acknowledge that I have personally filled out the iFinance |
| Agreement, the information therein is accurate to the best of my knowledge, and Guidant is entitled to rely on that information |
| in fulfilling the IFinance. |
| PROPOSED INVESTMENT; BUSINESS TRANSACTION |
| Are you purchasing a franchise? |
| Will you be purchasing an existing business with iFinance? |
| If yes, please answer the four following questions: |
| This acquisition is an: |
|
| If other, please specify: |
|
| If yes, how many existing employees are expected to remain with the business? |
|
| If yes, specify the type: If other, please specify: |
|
| a family member or any entity in which you or any family member have any ownership? |
| If yes, please explain: |
|
| member or any entity in which you or any family member have ownership? |
| If yes, please explain: |
|
| relationships among those parties: |
| remarking a more barner. |
Source: Item 23 — RECEIPTS (FDD pages 62–248)
What This Means (2025 FDD)
According to the 2025 Basecamp Fitness Franchise Disclosure Document, when consultations are conducted with outside counsel, the franchisee indicates their preference for representation. The document outlines options for joint or single representation, particularly in the context of iFinance structures. Joint representation means that all parties, including a spouse or other investor, are considered equal clients with the same legal interests and agree to attend all conferences with outside counsel. If these requirements cannot be met, single representation must be selected.
With single representation, the franchisee may invite their spouse to attend conferences, even if the spouse is not a client, but this requires waiving confidentiality. In this case, only the represented franchisee is entitled to rely on the legal advice provided. The document emphasizes that if a spouse or other investor desires separate legal counsel without joint representation, the legal fees and costs of that separate counsel are the sole responsibility and expense of the franchisee, and Basecamp Fitness's GUIDANT will have no responsibility for these additional expenses.
This arrangement ensures clarity and protects the interests of all parties involved in the franchise agreement. It allows the franchisee to choose the representation structure that best suits their needs and circumstances, while also clearly defining the financial responsibilities associated with legal counsel. Prospective Basecamp Fitness franchisees should carefully consider these options and discuss them with their legal and financial advisors to make an informed decision.