When is a release or waiver of rights in the Basecamp Fitness agreement void for a Basecamp Fitness franchise?

According to Basecamp Fitness's 2025 Franchise Disclosure Document, all remaining rights granted to a franchisee to develop Basecamp Fitness Studios under the agreement will automatically be revoked, becoming null and void, and reverting back to the franchisor. This occurs upon termination of the agreement. The franchisee will not be entitled to any refund of any fees paid to Basecamp Fitness.

This means that if a franchisee's agreement is terminated, they lose all rights to develop further Basecamp Fitness studios and will not receive any refunds on fees already paid. This could have significant financial implications for a franchisee who has invested in development rights and anticipates opening multiple locations.

Prospective Basecamp Fitness franchisees should carefully consider the conditions under which their agreement can be terminated and the potential loss of development rights and fees. It is important to understand the franchisor's termination rights and to assess the risk of termination based on their own business plan and financial situation.