For Basecamp Fitness, who is responsible for obtaining and maintaining licenses or registrations for the equipment?
Basecamp_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
If the Equipment or use of the Equipment requires licensing or registration with any governmental authority, Customer shall, at Customer's expense, obtain and maintain such license or registration continuously during the term of this Agreement and pay all license and/or registration fees. Customer agrees Owner may make a profit on any administrative surcharge, or processing of any taxes and/or fees. obtain and infantial such incluse of registration continuously during the term of this Agreement and pay an incluse and/of registration recessing of any taxes and/or fees.
Source: Item 23 — RECEIPTS (FDD pages 62–248)
What This Means (2025 FDD)
According to Basecamp Fitness's 2025 Franchise Disclosure Document, the customer, which in this case is the franchisee, is responsible for obtaining and maintaining any required licenses or registrations for the equipment. This includes paying all associated license and/or registration fees throughout the term of the agreement.
This means that if any equipment used in the Basecamp Fitness studio requires specific licensing or registration with a governmental authority, it is the franchisee's responsibility to handle this process and cover the costs. This responsibility extends throughout the entire term of the agreement, ensuring continuous compliance.
Furthermore, the franchisee is also responsible for paying all taxes and fees related to the agreement or the equipment on a monthly basis. This includes sales tax, personal property tax, fines, and penalties. The franchisee may also be required to pay a monthly amount to the owner for estimated personal property tax, along with any administrative fees for processing the tax filings, which may be adjusted annually to reflect changes in the equipment's valuation. Basecamp Fitness may profit from any administrative surcharge or processing of taxes and/or fees.