What years are the payments scheduled between for the settlement of legal claims related to alleged antitrust violations by a wholly owned subsidiary of Exit?
Exit Franchise · 2025 FDDAnswer from 2025 FDD Document
bleased to an unrelated third party under a cancelable lease agreement that began on June 14, 2023, expired on October 14, 2023, and continued monthly until the lease was cancelled in April 2024.
A portion of the leased space is subleased to an unrelated third party under a cancelable lease agreement that began on September 1, 2024, and expires on September 1, 2025.
A portion of the leased space is subleased to an unrelated party under a noncancelable lease agreement that began on October 1, 2024, and expires o
Source: Item 23 — RECEIPT (FDD pages 42–235)
What This Means (2025 FDD)
Based on the 2025 Exit Franchise Disclosure Document, the provided excerpts do not contain information regarding the payment schedule for the settlement of legal claims related to alleged antitrust violations by a wholly-owned subsidiary of Exit. The document does mention a settlement in a class action lawsuit under the Telephone Consumer Protection Act.
The lawsuit was initiated on August 21, 2019, and settled in 2020 for $15,000. The settlement terms included an initial payment of $2,500 in May 2020, followed by monthly installments of $500 until the full amount was paid. The remaining balance at the end of 2022 was $3,000, which was fully paid during 2022.
To obtain information about the payment schedule for legal claims related to alleged antitrust violations, a prospective franchisee should directly ask Exit for details about any such settlements, including the amounts, payment terms, and the years during which payments are scheduled. This information is crucial for assessing potential financial liabilities or risks associated with the franchise.