Regarding additional documents or actions needed to further the purposes of the Fitstop Franchise Agreement, who bears the costs and attorney's fees?
Fitstop Franchise · 2024 FDDAnswer from 2024 FDD Document
- 20.10 The Parties hereby agree to execute such other documents and to take such other actions as may be reasonably necessary to further the purposes of this Agreement, with the Parties to bear their own costs and attorney's fees for these additional actions.
Source: Item 23 — RECEIPTS (FDD pages 50–135)
What This Means (2024 FDD)
According to Fitstop's 2024 Franchise Disclosure Document, both parties are responsible for their own costs and attorney's fees when executing additional documents or actions to further the purposes of the Franchise Agreement.
Specifically, Section 20.10 of the agreement states that both Fitstop and the franchisee will bear their own costs and attorney's fees for these additional actions. This means that if any further documents need to be signed or actions taken to fulfill the agreement's objectives, each party will cover their own legal and related expenses.
This arrangement is fairly standard in franchising, as it ensures that neither party is unduly burdened with the other's legal costs for routine actions necessary to maintain the agreement. However, it's important for prospective Fitstop franchisees to factor in potential legal expenses when budgeting for their franchise, as these costs can arise if additional documentation or actions are required during the franchise term.