What section of the Eos Worldwide franchise agreement discusses termination by the franchisee?
Eos_Worldwide Franchise · 2025 FDDAnswer from 2025 FDD Document
with a covenant of lesser scope or duration which would be enforceable and you shall continue to be bound by all other provisions of these sections which are valid and enforceable.
17. TERMINATION.
17.1 By Franchisee.
If you are in full compliance with this Agreement, then subject to the other provisions of this Agreement, including those in this Section 17.1, you may terminate this Agreement:
- (a) at any time prior to registering for Boot Camp, with at least ten (10) days' prior written notice to us; or
- (b) at any other time, with at least sixty (60) days' prior written notice to us provided, that, you must continue to pay your Membership Fees through your termination date.
By exercising your right to terminate this Agreement pursuant to this Section 17.1, you acknowledge that you will not be entitled to any refunds of any portion of the Initial Franchise Fee, the Boot Camp Fee, or any Membership Fees or any other fees or amounts paid to us or our affiliates under this Agreement in connection with such termination, and further provided that any such termination shall be conditioned on you signing a general release effective as of your termination date in the form set forth on Exhibit A attached hereto (or any other form required by or acceptable to us) in favor of us and our affiliates, and our and our affiliates' respective members, owners, officers, directors, employees, consultants, advisors
Source: Item 23 — RECEIPTS (FDD pages 74–246)
What This Means (2025 FDD)
According to the 2025 Eos Worldwide Franchise Disclosure Document, Section 17.1 of the franchise agreement outlines the franchisee's right to terminate the agreement. If a franchisee chooses to terminate the agreement under this section, they will not receive any refunds for the Initial Franchise Fee, Boot Camp Fee, Membership Fees, or any other fees paid to Eos Worldwide or its affiliates.
Termination by the franchisee is conditional upon signing a general release, effective as of the termination date. This release, in the form of Exhibit A or another form acceptable to Eos Worldwide, covers all claims related to the agreement or the franchise up to the point of termination. The release extends to Eos Worldwide, its affiliates, and their respective members, owners, officers, directors, employees, consultants, advisors, agents, successors, and assigns, both in their corporate and individual capacities. However, it does not include claims that cannot be released under applicable law.
Eos Worldwide has the discretion to accept or accelerate the termination date, subject to applicable law, to a date earlier than the end of the notice period. If Eos Worldwide chooses to do so, the termination will be effective as of the earlier date. This provision allows Eos Worldwide some flexibility in managing the termination process and its impact on the franchise system.