How long after termination, non-renewal, or transfer of the Fitstop Franchise Agreement will the franchisee's information be disclosed in the FDD?
Fitstop Franchise · 2024 FDDAnswer from 2024 FDD Document
- 21.5 You acknowledge and agrees that your name, address, and telephone number will be disclosed, as required by law, in our then-current form of Franchise Disclosure Document (or "FDD") during the term of this Agreement and for one (1) or more years following this Agreement's termination, non-renewal, or transfer.
Source: Item 23 — RECEIPTS (FDD pages 50–135)
What This Means (2024 FDD)
According to Fitstop's 2024 Franchise Disclosure Document, a franchisee's name, address, and telephone number will be disclosed in Fitstop's Franchise Disclosure Document during the term of the agreement. This information will also be disclosed for one or more years following the agreement's termination, non-renewal, or transfer.
This means that even after a franchisee leaves the Fitstop system, their basic contact information may remain in the FDD for at least a year. The exact duration could be longer, as the FDD states "one (1) or more years," leaving the specific length of time at Fitstop's discretion.
Prospective franchisees should be aware that their information will be publicly available in the FDD not only while they are operating a Fitstop franchise but also for a period afterward. This is a standard practice in franchising, as it provides transparency to potential franchisees about past and present members of the franchise system.