Within how many days after termination of the Body20 franchise agreement must liquidated damages be paid?

According to Body20's 2025 Franchise Disclosure Document, if the franchise agreement is terminated and liquidated damages are owed, the franchisee must pay all amounts within 30 days after the termination date. This requirement applies if the termination occurs after the Body20 studio has opened.

This means a prospective Body20 franchisee needs to be prepared to pay the liquidated damages amount promptly following the termination. The amount will be calculated based on the average monthly Royalty Fee owed during the 12 months before termination, multiplied by the lesser of the remaining term or 36 months. If the studio has been open for less than 12 months, the average monthly Royalty Fee during that shorter period will be used instead.

It is important to note that if the termination occurs before the Body20 studio opens, the franchisee will forfeit the Franchise Fee paid but will not owe any liquidated damages. This distinction highlights the importance of understanding the timing of any potential termination and its financial implications.