Are there any exceptions to the transfer requirements outlined in the Fly Fitness franchise agreement?
Fly_Fitness Franchise · 2024 FDDAnswer from 2024 FDD Document
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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.
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 provides a table that lists important provisions of the franchise and related agreements. The document advises that prospective franchisees should read these provisions in the agreements attached to the disclosure document. Item 17 also states that franchisees should refer to the state addenda and the Franchise Agreement for special state disclosures.
However, the provided excerpts of Item 17 do not contain specific details about exceptions to the transfer requirements. The excerpts generally refer to the franchise relationship and multi-unit development agreements, but they do not elaborate on the conditions or circumstances under which the standard transfer procedures might be waived or modified.
Therefore, it is essential for a prospective Fly Fitness franchisee to carefully review the full Franchise Agreement and any applicable state addenda to understand the complete scope of transfer requirements and any potential exceptions. It would be prudent to discuss specific scenarios with the franchisor to clarify any uncertainties regarding transfer conditions.