According to the Fitstop FDD, what do the terms 'we,' 'us,' and 'our' refer to?
Fitstop Franchise · 2024 FDDAnswer from 2024 FDD Document
Fitstop USA, Inc. is the franchisor. To simplify matters, this document will refer to the franchisor as "we," "us," or "our." "Franchisee", "you" or "your" means the company which buys the franchise, including company's owners, partners, controlling shareholders, officers, guarantors, and managers, if any. If the owners, partners, controlling shareholders, officers, or guarantors are married and your spouse is not an owner, partner, controlling shareholder, officer, or guarantor of the franchise business, certain provisions of our Franchise Agreement will also apply to your spouse.
We incorporated in Delaware on July 22, 2022. Our principal business address is 2260 S. Centinela Ave., Suite 150, Los Angeles, CA 90064. We conduct business under our corporate name and under the primary mark FITSTOP®, as well as any and all other marks, logos, designs and names that we designate for licensing as part of our franchise system from time to time (collectively, the "Proprietary Marks").
Source: Item 1 — THE FRANCHISOR, AND ANY PARENTS, PREDECESSORS, AND AFFILIATES (FDD pages 7–9)
What This Means (2024 FDD)
According to Fitstop's 2024 Franchise Disclosure Document, the terms 'we,' 'us,' and 'our' refer to Fitstop USA, Inc., the franchisor. This simplifies the document by using these pronouns to represent the company throughout the FDD. The terms 'Franchisee', 'you' or 'your' refer to the company which buys the franchise, including company's owners, partners, controlling shareholders, officers, guarantors, and managers, if any. If the owners, partners, controlling shareholders, officers, or guarantors are married and your spouse is not an owner, partner, controlling shareholder, officer, or guarantor of the franchise business, certain provisions of our Franchise Agreement will also apply to your spouse.
Fitstop USA, Inc. was incorporated in Delaware on July 22, 2022, and its principal business address is 2260 S. Centinela Ave., Suite 150, Los Angeles, CA 90064. Fitstop conducts business under its corporate name and the FITSTOP® mark, along with other marks, logos, designs, and names designated for licensing within the franchise system.
This definition is important for prospective franchisees as it clarifies who is making the statements and obligations within the Franchise Disclosure Document and the Franchise Agreement. Understanding this terminology is crucial for interpreting the legal and contractual responsibilities of both Fitstop as the franchisor and the franchisee.