What may Body20 require from a franchisee as a condition of extending the Site Acquisition Deadline?
Body20 Franchise · 2025 FDDAnswer from 2025 FDD Document
cluding a lease abstract and confirmation that the terms in the agreement reflect the terms in any letter of intent between you and the third-party seller or lessor. You must secure a site that we have accepted by signing a Site Lease or purchase agreement within 90 days after the effective date of your Franchise Agreement (the "Site Acquisition Deadline").
Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS, AND TRAINING (FDD pages 38–49)
What This Means (2025 FDD)
According to Body20's 2025 Franchise Disclosure Document, franchisees must secure a site by signing a Site Lease or purchase agreement within 90 days after the effective date of the Franchise Agreement, referred to as the "Site Acquisition Deadline." Body20, in its sole discretion, may extend this deadline by up to 90 days.
As a condition of granting an extension to the Site Acquisition Deadline, Body20 may require the franchisee to execute a general release. This means the franchisee may need to sign a document releasing Body20 from any potential claims or liabilities related to the franchise agreement or the site acquisition process.
This requirement protects Body20 from potential legal issues that could arise during the extension period. Franchisees should carefully consider the implications of signing a general release and consult with an attorney to understand their rights and obligations before agreeing to such a condition.