If a franchisee has entered into an agreement with Body20 before receiving the FDD, is there a requirement to describe the agreement?
Body20 Franchise · 2025 FDDAnswer from 2025 FDD Document
If required by Applicable Laws, you received a FDD required by applicable state and/or federal laws, including a form of this Agreement, at least 14 calendar days (or such longer time period as required by applicable state law) before you executed this Agreement or any related agreements or paid any consideration to us.
If we made any unilateral and material changes to the terms and conditions of the form of this Agreement that was included in the FDD (other than changes that arose out of negotiations that you initiated), you received a revised copy of this Agreement that included such changes and were informed of any material differences between this Agreement and the form included in the FDD at least seven calendar days before you executed this Agreement or any related agreements or paid any consideration to us.
Source: Item 23 — RECEIPT (FDD pages 74–251)
What This Means (2025 FDD)
Based on the 2025 Body20 Franchise Disclosure Document, if required by applicable laws, a franchisee must receive the FDD, including a form of the agreement, at least 14 calendar days (or longer if required by state law) before signing the agreement or paying any consideration to Body20. If Body20 makes any unilateral and material changes to the agreement's terms (excluding changes from franchisee-initiated negotiations), the franchisee must receive a revised copy with the changes and be informed of any material differences at least seven calendar days before signing or paying any consideration. This ensures the franchisee has adequate time to review the agreement and seek professional advice.
However, the FDD does not explicitly state whether Body20 is required to describe any agreements entered into before the franchisee received the FDD. The document focuses on the timing and content of the FDD provided to the franchisee before the agreement is finalized.
Therefore, a prospective Body20 franchisee should ask the franchisor directly about any specific requirements or procedures related to agreements signed before the FDD was received to ensure full compliance with all applicable regulations and to fully understand their rights and obligations.