What is Attachment 5 to the Fly Fitness Franchise Agreement?
Fly_Fitness Franchise · 2024 FDDAnswer from 2024 FDD Document
- 5.2.5 Franchisee shall execute a general release of all claims Franchisee may have against Fly Fitness Franchise, L.L.C., its parent, subsidiaries and affiliates, its officers, directors, shareholders, agents, and employees, whether in their corporate and/or individual capacities, in the form attached hereto as Attachment 4.
This release will include all claims arising under any federal, state, or local law, rule, or ordinance.
Source: Item 22 — CONTRACTS (FDD pages 44–45)
What This Means (2024 FDD)
Based on the 2024 Fly Fitness Franchise Disclosure Document, the provided excerpts do not contain information regarding the content of Attachment 5 to the Fly Fitness Franchise Agreement. The excerpts do mention Attachment 3, which designates the territory granted to the franchisee, and Attachment 4, which is a general release of claims the franchisee may have against Fly Fitness Franchise, L.L.C., its parent, subsidiaries and affiliates, its officers, directors, shareholders, agents, and employees.
Because the contents of Attachment 5 are not described in the provided excerpts, it is important for a prospective Fly Fitness franchisee to request a full copy of the Franchise Agreement, including all attachments, from the franchisor during their due diligence. This will allow them to fully understand all aspects of the agreement before signing.
Specifically, the prospective franchisee should ask Fly Fitness what Attachment 5 contains and carefully review its terms with a franchise attorney or advisor. Understanding the details of all attachments is crucial for making an informed decision about investing in a Fly Fitness franchise.