If the franchisee is involved in other businesses that may conflict with the non-compete obligations for Basecamp Fitness, does the Franchise Disclosure Document receipt require a description of those businesses?
Basecamp_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
| QUESTION | YES | NO |
|---|---|---|
| 9. Are you currently involved in any other businesses/franchises that may interfere with | ||
| the non-compete obligations outlined in the Basecamp Fitness Franchise | ||
| Agreement, or any other agreements you may have with other | ||
| businesses/franchises? If yes, please describe the businesses/franchises here: | ||
| _____________________________________________________________________ | ||
| _____________________________________________________________________ | ||
| _____________________________________________________________________ | ||
| You understand that your answers are important to us and that we will rely on them. By signing this | ||
| Questionnaire, you are representing that you have responded truthfully, completely and correctly to the above | ||
| questions. No representations contained herein are intended to or will act as a release, estoppel or waiver of |
Source: Item 23 — RECEIPTS (FDD pages 62–248)
What This Means (2025 FDD)
According to Basecamp Fitness's 2025 Franchise Disclosure Document, the receipt does address potential conflicts of interest with other businesses. Specifically, the receipt includes a questionnaire asking whether the applicant is currently involved in any other businesses or franchises that might interfere with the non-compete obligations outlined in the Basecamp Fitness Franchise Agreement. If the applicant answers "yes" to this question, they are prompted to describe those businesses or franchises in a designated space on the form.
This requirement is significant because it allows Basecamp Fitness to assess potential conflicts of interest upfront. By disclosing other business ventures, the franchisee applicant provides Basecamp Fitness with the information needed to evaluate whether those activities would violate the non-compete clause. This transparency helps prevent future disputes and ensures that the franchisee is fully aware of their obligations.
For a prospective Basecamp Fitness franchisee, this means being prepared to disclose any existing business involvements that could be seen as competitive. It is crucial to provide a complete and accurate description of these businesses to avoid any misunderstandings or legal issues later on. Failing to disclose such information could potentially jeopardize the franchise agreement. The questionnaire also emphasizes that Basecamp Fitness will rely on the answers provided, and that truthful, complete, and correct responses are required.