Does the Body20 franchise agreement include a Development Agreement, and if so, what exhibit is it?
Body20 Franchise · 2025 FDDAnswer from 2025 FDD Document
| Franchise Agreement | Exhibit A |
|---|---|
| Payment and Performance Guarantee | Appendix C to the Franchise Agreement |
| Lease Rider | Appendix D to the Franchise Agreement |
| Development Agreement | Exhibit B |
Source: Item 23 — RECEIPT (FDD pages 74–251)
What This Means (2025 FDD)
According to Body20's 2025 Franchise Disclosure Document, the franchise agreement may include a Development Agreement. The Development Agreement is listed as Exhibit B to the Franchise Disclosure Document.
A Development Agreement with Body20 grants the franchisee the rights to develop multiple studios within a specific area, according to a set development schedule. This agreement requires the franchisee to sign Body20's standard franchise agreement for each studio they plan to develop.
Simultaneously with signing the Development Agreement, the franchisee will also sign an Initial Franchise Agreement for the first Body20 studio. The franchisee must also pay Body20 a development fee, as specified in Appendix A, which will be equal to 100% of the aggregate of all of the franchise fees due for the studios that the franchisee commits to develop under the Development Agreement. This fee is non-refundable, even if the franchisee does not develop the studios according to the agreed-upon schedule.