What is the importance of the Development Schedule for Basecamp Fitness studios?
Basecamp_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
hat Franchise Agreement control the establishment and operation of such Basecamp Studio.
- B. The Development Fee is consideration for this Agreement and not consideration for any Franchise Agreement.
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- Development Schedule. The following provisions control with respect to your development rights and obligations:
- A. You must comply with the Development Schedule requirements regarding: (i) the date of execution of the Franchise Agreements and site approval requests; (ii) the opening date for each Basecamp Studio; and (iii) the cumulative number of Basecamp Studios to be open and continuously operating for business in the Development Territory. You represent that you have conducted your own independent
investigation and analysis of the prospects for the establishment of Basecamp Fitness studios within the Development Territory, approve of the Development Schedule as being reasonable, viable, and essential to the potential success of your business and recognize that failure to sign a Franchise Agreement, obtain a site approval, open a Basecamp Studio or have a cumulative number of Basecamp Fitness Studios open and operating, according to the applicable dates set forth in the Development Schedule, gives us the right, in our sole discretion, to immediately terminate this Agreement pursuant to Section 5.
- B. You may not open a Basecamp Studio under this Agreement unless you have notified us of your intention to develop the Basecamp Studio at least thirty (30) days prior to the date set forth in the Development Schedule and meet each of the following conditions (these conditions apply to each Basecamp Studio to be developed in the Development Territory):
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- Good Standing. You must not be in default of this Agreement, any Franchise Agreement entered into pursuant to this Agreement or any other agreement between you or any of your affiliates and us or any of our affiliates. You also must have satisfied on a timely basis all monetary and material obligations under the Franchise Agreements for all existing Basecamp Fitness studios.
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- Execution of Franchise Agreement.
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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, the Development Schedule is a critical component of the Area Development Agreement. The franchisee agrees to be bound by the Development Schedule outlined in the Rider, with time being of the essence for the development and operation of each Basecamp Fitness studio. The Development Schedule specifies dates for executing Franchise Agreements, submitting site approval requests, and the opening dates for each studio. It also dictates the cumulative number of studios that must be open and continuously operating within the Development Territory.
The Development Schedule is important because it defines the franchisee's obligations regarding the pace of development. Failing to meet the milestones set forth in the Development Schedule, such as not signing a Franchise Agreement, obtaining site approval, opening a studio, or maintaining the required number of operating studios by the specified dates, gives Basecamp Fitness the right to terminate the Area Development Agreement.
Furthermore, the Development Schedule impacts the exclusivity of the Development Territory. If the franchisee adheres to the Development Schedule, Basecamp Fitness will not develop, operate, or franchise others to develop and operate a Basecamp Fitness studio within the Development Territory. This protection lasts until the agreement expires or terminates, the date the last studio must be opened, or the date the Protected Territory for the final studio is determined. However, this protection may vary if the Development Territory spans multiple cities, counties, or designated market areas, where protection expires separately for each area as the final studio's Protected Territory is determined in that area. The Development Schedule ensures that both Basecamp Fitness and the franchisee are aligned on the development timeline and that the franchisee is actively working to expand the brand within the agreed-upon territory.