What is Attachment 4 to the Fly Fitness Franchise Agreement?

According to Fly Fitness's 2024 Franchise Disclosure Document, Attachment 4 to the Franchise Agreement is a general release of all claims that a franchisee may have against Fly Fitness Franchise, L.L.C., its parent, subsidiaries, and affiliates, including their officers, directors, shareholders, agents, and employees in their corporate or individual capacities. This release encompasses all claims arising under any federal, state, or local law, rule, or ordinance.

This release is required when a franchisee seeks to renew their franchise agreement for a successive term. Specifically, before Fly Fitness will grant a Successor Franchise Agreement, the franchisee must execute this general release in the form attached as Attachment 4.

This requirement is a significant consideration for prospective franchisees. By signing this release, the franchisee waives their right to pursue any legal claims against Fly Fitness, which could be relevant if disputes arise during the franchise term. Franchisees should carefully review the terms of the release and understand its implications before signing it, especially if they anticipate any potential future claims. It is advisable to seek legal counsel to fully understand the scope and impact of this release.