Does the Basecamp Fitness Franchise Disclosure Document receipt require the franchisee to confirm they have reviewed the Franchise Agreement and its exhibits?
Basecamp_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
| QUESTION | YES | NO |
|---|---|---|
| 1. Have you received and personally reviewed the Franchise Disclosure Document | ||
| provided to you? | ||
| 2. Did you sign a receipt (Item 23) for the Franchise Disclosure Document indicating | ||
| the date you received it? | ||
| 3. Have you received and personally reviewed the Franchise Agreement and/or Area | ||
| Development Agreement and each exhibit or schedule attached to it? | ||
| 4. Are you legally eligible to work or own a business in the United States and/or Canada, |
Source: Item 23 — RECEIPTS (FDD pages 62–248)
What This Means (2025 FDD)
According to Basecamp Fitness's 2025 Franchise Disclosure Document, the receipt includes a questionnaire where a prospective franchisee must confirm whether they have reviewed the Franchise Agreement and its exhibits. Specifically, question 3 on the receipt asks: "Have you received and personally reviewed the Franchise Agreement and/or Area Development Agreement and each exhibit or schedule attached to it?" The franchisee must answer "YES" or "NO" to this question.
This requirement ensures that the franchisee acknowledges they have taken the time to review the legal documents outlining their rights and obligations. It is a standard practice in franchising to ensure franchisees are fully informed before entering into an agreement. By signing the questionnaire, the franchisee confirms that they have truthfully, completely, and correctly responded to the questions, and that Basecamp Fitness will rely on these answers.
It is important to note that residents of Hawaii, Maryland, or Washington, or if the franchise is to be operated in those states, should not sign the questionnaire. This may be due to specific state laws or regulations regarding franchise agreements. Prospective franchisees should carefully consider all aspects of the Franchise Agreement and its exhibits before signing the receipt and questionnaire.