In the Fly Fitness franchise agreement, where does the principal sign and print their name and date?
Fly_Fitness Franchise · 2024 FDDAnswer from 2024 FDD Document
| FRANCHISEE (Principal): |
|---|
| (Print Name) |
| FRANCHISEE (Principal): |
| (Print Name) |
Source: Item 22 — CONTRACTS (FDD pages 44–45)
What This Means (2024 FDD)
According to the 2024 Fly Fitness Franchise Disclosure Document, the principal(s) must print their name when signing the franchise agreement. The document provides signature lines for both the franchisee entity and the franchisee's principal(s). There are two signature lines for the franchisee's principal, each labeled for the printed name of the principal. However, the excerpt does not explicitly state that the principal must sign or date the document, only that there are spaces for the principal's name to be printed.
It is standard practice in franchise agreements for all parties, including principals, to sign and date the document to indicate their agreement to the terms. The absence of explicit instructions to sign and date next to the printed name may be an oversight in the provided excerpt.
A prospective Fly Fitness franchisee should clarify with the franchisor, Fly Fitness Franchise, L.L.C., whether the principal(s) are required to sign and date the franchise agreement in addition to printing their names. This clarification will ensure full compliance with the agreement's requirements and avoid potential future disputes over the validity of the signatures.