Does the Fly Fitness franchise agreement specify any prohibited actions related to the transfer of the franchise?

According to Fly Fitness's 2024 Franchise Disclosure Document, Item 17 addresses the franchise relationship, including provisions for renewal, termination, transfer, and dispute resolution. The FDD indicates that important provisions of the franchise and related agreements are listed in a table, and prospective franchisees should read these provisions in the agreements attached to the disclosure document. This also applies to the multi-unit development agreement. However, the provided excerpts do not specify any prohibited actions related to the transfer of the franchise.

Because the excerpt only references that the franchise agreement covers transfer, but does not specify any prohibited actions, prospective franchisees should carefully review the complete franchise agreement and related documents for detailed information about the transfer process. This includes understanding the conditions under which a transfer may be prohibited or restricted, such as outstanding financial obligations, failure to meet certain performance standards, or lack of franchisor approval of the proposed transferee.

It is also important to consult with a franchise attorney to fully understand the implications of these transfer provisions and how they may impact a franchisee's ability to sell or transfer their Fly Fitness franchise in the future. Understanding these details is crucial for making an informed decision about investing in a Fly Fitness franchise.