conditional

Under what condition are the additional disclosures regarding Washington effective for Fitstop?

Fitstop Franchise · 2024 FDD

Answer from 2024 FDD Document

These provisions shall be effective only to the extent, with respect to such provision, that the jurisdictional requirements of the Washington Franchise Investment Protection Act are met independently without reference to these Additional Disclosures. The Additional Disclosures shall have no force or effect if such jurisdictional requirements are not met.

Source: Item 23 — RECEIPTS (FDD pages 50–135)

What This Means (2024 FDD)

According to Fitstop's 2024 Franchise Disclosure Document, the additional disclosures for the state of Washington are effective only if the jurisdictional requirements of the Washington Franchise Investment Protection Act are met independently, without relying on these additional disclosures. If these jurisdictional requirements are not met independently, the additional disclosures will not have any effect.

In simpler terms, the extra legal information provided specifically for Washington residents in the FDD only applies if a franchisee's situation already falls under the legal jurisdiction of Washington's franchise laws, regardless of these extra disclosures. This means the standard Washington franchise laws must apply to the franchisee's situation on their own, before these additional disclosures come into play.

This condition ensures that Fitstop is not attempting to expand the reach of Washington's franchise laws beyond their intended scope through these additional disclosures. It protects both Fitstop and the franchisee by clarifying when these specific disclosures are relevant and enforceable. A prospective franchisee in Washington should consult with a legal professional to determine if their investment would independently meet the jurisdictional requirements of the Washington Franchise Investment Protection Act.

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.