What are the curable defaults that could lead to termination of the Basecamp Fitness Franchise Agreement?
Basecamp_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
his Agreement and all rights granted to you will expire on the date that you sign the Franchise Agreement for the last Basecamp Studio that is scheduled to be opened under the Development Schedule.
-
- Default and Termination. 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.
All rights granted in this Agreement immediately terminate upon written notice without opportunity to cure if: (i) you become insolvent, commit any affirmative action of insolvency or file any action or petition of insolvency;
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, a franchisee can be deemed in default if they breach any terms of the Area Development Agreement, any Franchise Agreement, or any other agreement with Basecamp Fitness or its affiliates.
Specifically, the Franchise Agreement can be terminated if the franchisee fails to comply with any provision of the agreement or any other agreement they have with Basecamp Fitness or its affiliates. However, the franchisee has an opportunity to correct this failure within 30 days after receiving written notice. If the franchisee or their affiliates have three failures to comply with any provision of any agreement with Basecamp Fitness or its affiliates within a 12-month period, Basecamp Fitness does not need to provide an opportunity to cure the default.
It is important for a prospective Basecamp Fitness franchisee to understand all the terms and conditions of the Franchise Agreement and any related agreements to avoid defaults that could lead to termination. Franchisees should also maintain open communication with Basecamp Fitness to address any potential issues promptly and ensure compliance with all requirements.