Does the Fly Fitness FDD include a copy of the Multi-Unit Development Agreement?
Fly_Fitness Franchise · 2024 FDDAnswer from 2024 FDD Document
A copy of all proposed agreements regarding the franchise offering are included in this Disclosure Document, as follows:
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, a copy of the Multi-Unit Development Agreement is included. Specifically, Item 22 lists the contracts included in the disclosure document, and Exhibit C is identified as the Multi-Unit Development Agreement.
Furthermore, the receipt that the prospective franchisee signs (Exhibit I) lists the included exhibits, and Exhibit C is listed as the Multi-Unit Development Agreement.
Also, several clauses throughout the Franchise Agreement refer to both the Franchise Agreement and the Multi-Unit Development Agreement, indicating that both agreements are relevant to franchisees, especially those planning to open multiple units. Prospective franchisees should carefully review this agreement to understand their rights and obligations if they plan to develop multiple Fly Fitness locations.