Does the Fly Fitness franchise agreement outline any specific obligations of the franchisee upon termination?
Fly_Fitness Franchise · 2024 FDDAnswer from 2024 FDD Document
[Item 17: RENEWAL, TERMINATION, TRANSFER AND DISPUTE RESOLUTION]
ITEM 17: RENEWAL, TERMINATION, TRANSFER AND DISPUTE RESOLUTION
THE FRANCHISE RELATIONSHIP
This table lists certain important provisions of the franchise and related agreements. You should read these provisions in the agreements attached to this disclosure document.
Source: Item 17 — RENEWAL, TERMINATION, TRANSFER AND DISPUTE RESOLUTION (FDD pages 33–40)
What This Means (2024 FDD)
According to the 2024 Fly Fitness Franchise Disclosure Document, Item 17 includes a table that lists important provisions of the franchise agreement, including those related to termination. However, the document instructs potential franchisees to read the provisions in the agreements attached to the disclosure document. The excerpt does not specify the franchisee's obligations upon termination.
Because the FDD excerpt only references that termination obligations are described in the franchise agreement, prospective franchisees should carefully review the franchise agreement itself and any related state addenda.
To fully understand the obligations, a prospective Fly Fitness franchisee should ask the franchisor for a detailed explanation of all duties and responsibilities following termination, including but not limited to non-compete clauses, the return of confidential information, and any financial obligations.