If a Fly Fitness cooperative is established, what documents must a franchisee sign?
Fly_Fitness Franchise · 2024 FDDAnswer from 2024 FDD Document
If a cooperative is established during the term of your Franchise Agreement, you must sign all documents we request and become a member of the cooperative according to the terms of the documents.
Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS AND TRAINING (FDD pages 22–29)
What This Means (2024 FDD)
According to Fly Fitness's 2024 Franchise Disclosure Document, if a regional cooperative is established during the term of the Franchise Agreement, a franchisee must sign all documents that Fly Fitness requests and become a member of the cooperative according to the terms of those documents.
This means that if Fly Fitness decides to create a regional advertising cooperative, franchisees will be obligated to participate and adhere to its rules. The specific documents franchisees will need to sign are not defined in the FDD, giving Fly Fitness discretion in determining the requirements for cooperative membership.
Prospective franchisees should consider that participation in a regional cooperative may become mandatory at Fly Fitness's discretion. It is important to inquire with Fly Fitness about the potential structure, governance, and financial obligations associated with such a cooperative to fully understand the commitment involved.