What representations made to the Fly Fitness Developer are considered valid?
Fly_Fitness Franchise · 2024 FDDAnswer from 2024 FDD Document
NOW, THEREFORE, the parties, in consideration of the promises, undertakings and commitments of each party to the other set forth herein, and intending to be legally bound hereby, mutually agree as follows:
1. RECITATIONS. The Recitations set out above form part of this Agreement.
Source: Item 23 — RECEIPT (FDD pages 45–182)
What This Means (2024 FDD)
Based on the 2024 Fly Fitness Franchise Disclosure Document, the recitations outlined in the agreement between Fly Fitness and the developer are considered valid. These recitations form an integral part of the agreement, signifying that both parties acknowledge and agree to the foundational statements upon which the agreement is built.
Specifically, these recitations acknowledge that Fly Fitness has invested considerable resources to develop a unique fitness studio concept, characterized by group fitness classes, semi-private and private sessions, a non-judgmental environment, and distinctive trade dress, marketing, and operational methods. The recitations also highlight that Fly Fitness continues to develop, use, and control its trademarks to ensure consistent quality and service.
Furthermore, the developer recognizes the importance of maintaining Fly Fitness's high standards and operating franchised businesses in accordance with the franchisor's specifications. The developer also acknowledges their desire to obtain the right to further develop and expand the Fly Fitness system within a designated development area, adhering to the terms and conditions outlined in the agreement. By explicitly stating that these recitations form part of the agreement, Fly Fitness ensures that these representations are considered valid and binding on both parties.