What is the franchisee acknowledging regarding the opportunity to be advised about the Basecamp Fitness agreement?
Basecamp_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
You have been advised to consult with your own advisors with respect to the legal, financial and other aspects of this Agreement and the Franchise Agreement and you have had the opportunity to consult with such advisors and also have had the opportunity to independently investigate the opportunities offered under all such agreements.
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 prospective franchisee acknowledges that they have been advised to seek counsel from their own advisors regarding the legal, financial, and other aspects of the franchise agreement. This includes the initial agreement and any subsequent franchise agreements.
Furthermore, the franchisee acknowledges that they have had the opportunity to consult with these advisors. They also confirm that they have had the chance to independently investigate the opportunities presented under all agreements related to the Basecamp Fitness franchise.
This acknowledgement is a standard clause in franchise agreements, designed to ensure that franchisees enter the agreement with a full understanding of its implications and with the benefit of independent advice. It protects Basecamp Fitness from potential claims that the franchisee was not aware of the agreement's terms or risks. It is the franchisee's responsibility to conduct thorough due diligence and seek expert advice before signing the agreement.