Are any provisions in the Fly Fitness franchise agreement dependent on other factors?
Fly_Fitness Franchise · 2024 FDDAnswer from 2024 FDD Document
[Item 17: RENEWAL, TERMINATION, TRANSFER AND DISPUTE RESOLUTION]
THE FRANCHISE RELATIONSHIP (UNDER THE MULTI-UNIT DEVELOPMENT AGREEMENT)
This table lists certain important provisions of the multi-unit development agreement. You should read these provisions in the agreement attached to this disclosure 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.
[Item 17: RENEWAL, TERMINATION, TRANSFER AND DISPUTE RESOLUTION]
See the state addenda to this Franchise Disclosure Document and the Franchise Agreement for special state disclosures.
Source: Item 17 — RENEWAL, TERMINATION, TRANSFER AND DISPUTE RESOLUTION (FDD pages 33–40)
What This Means (2024 FDD)
According to Fly Fitness's 2024 Franchise Disclosure Document, Item 17 includes tables that list important provisions of both the franchise agreement and the multi-unit development agreement. These tables indicate that certain provisions within these agreements are subject to specific conditions or are dependent on other factors.
For a prospective Fly Fitness franchisee, this means that various aspects of the franchise agreement, such as renewal, termination, transfer, and dispute resolution, are not absolute and may be influenced by certain circumstances. It is crucial to carefully review the full agreements to understand what these conditions are and how they might affect the franchisee's rights and obligations.
Given that the tables only highlight certain provisions, it is essential for potential franchisees to thoroughly examine the complete franchise and multi-unit development agreements, including any state addenda, to fully understand all the terms and conditions. This will help in assessing the potential risks and benefits associated with investing in a Fly Fitness franchise.