On what date should the Minnesota Amendment to the Fly Fitness Franchise Agreement be executed?

According to Fly Fitness's 2024 Franchise Disclosure Document, the Minnesota Amendment to the Franchise Agreement should be executed on the same date as the Franchise Agreement itself. This requirement ensures that the amendments, which address specific regulations and statutes in Minnesota, are aligned with the original agreement from the outset.

This means that when a prospective franchisee in Minnesota signs the Fly Fitness Franchise Agreement, they should also sign the Minnesota Amendment simultaneously. This amendment modifies certain sections of the standard Franchise Agreement to comply with Minnesota law. These modifications cover areas such as non-renewal notices, termination notices, non-sufficient funds fees, dispute resolution, and prohibitions on certain requirements like out-of-state litigation or waivers of jury trials.

For a prospective Fly Fitness franchisee in Minnesota, this simultaneous execution is crucial to ensure that their franchise agreement adheres to state laws from the beginning. Failing to properly execute the Minnesota Amendment could lead to legal complications or disputes down the line, as the original agreement might contain clauses that are unenforceable or non-compliant with Minnesota regulations. Therefore, it is essential to pay close attention to this requirement and ensure that both documents are signed and dated on the same day.