According to the Fly Fitness franchise agreement, what is Exhibit C?
Fly_Fitness Franchise · 2024 FDDAnswer from 2024 FDD Document
Exhibit B – The Franchise Agreement
Exhibit C – Multi-Unit Development Agreement
Exhibit G – Form of Release
Exhibit H – Acknowledgement Statements, as permitted by state law.
Source: Item 22 — CONTRACTS (FDD pages 44–45)
What This Means (2024 FDD)
According to Fly Fitness's 2024 Franchise Disclosure Document, Exhibit C is the Multi-Unit Development Agreement. This agreement is one of several proposed agreements included in the FDD related to the franchise offering.
For a prospective franchisee, the Multi-Unit Development Agreement is relevant if they are considering opening multiple Fly Fitness locations. This agreement would outline the terms and conditions under which a franchisee can develop and operate more than one franchise unit within a specific territory or according to a specific schedule. It is important to carefully review this exhibit to understand the obligations and rights associated with developing multiple Fly Fitness locations.
Other exhibits listed in the FDD include Exhibit B, which is the Franchise Agreement, Exhibit G, which is the Form of Release, and Exhibit H, which is Acknowledgement Statements, as permitted by state law. These exhibits, along with Exhibit C, provide a comprehensive overview of the contractual obligations and agreements a franchisee will enter into with Fly Fitness.