factual

For how many years following the termination of the Fitstop Franchise Agreement will the franchisee's information be disclosed?

Fitstop Franchise · 2024 FDD

Answer 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 and for one or more years following the agreement's termination, non-renewal, or transfer.

This means that even after a Fitstop franchise agreement ends, whether through termination, non-renewal, or transfer, Fitstop retains the right to disclose the former franchisee's contact information in its FDD for at least one year. This disclosure is required by law and ensures transparency for potential franchisees who may want to learn about past experiences with the franchise system.

Prospective franchisees should consider this when deciding to join the Fitstop system, as their contact information will remain associated with the franchise even after they leave. It is important to note that the FDD states "one (1) or more years", so a prospective franchisee may want to clarify with Fitstop the maximum number of years this information may be disclosed.

Disclaimer: This information is extracted from the 2024 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.