What agreement is attached as Exhibit C to the Fly To Fit disclosure document?
Fly_To_Fit Franchise · 2024 FDDAnswer from 2024 FDD Document
If you sign a franchise agreement with us, you will develop and operate a fitness studio offering specialized bungee fitness classes, under the trade name Fly To Fit. If you sign a Multi-Unit Development Agreement (attached as Exhibit C to this disclosure document), you will develop multiple Fly To Fit outlets, on an agreed-upon schedule. For each future unit franchise, we will require you to sign our then-current form of franchise agreement, which may be different from the form of franchise agreement included in this disclosure document.
Source: Item 1 — THE FRANCHISOR AND ANY PARENTS, PREDECESSORS, AND AFFILIATES (FDD pages 9–11)
What This Means (2024 FDD)
According to Fly To Fit's 2024 Franchise Disclosure Document, Exhibit C is the Multi-Unit Development Agreement. This agreement is relevant if a franchisee wishes to develop multiple Fly To Fit outlets according to an agreed-upon schedule.
This agreement is separate from the standard franchise agreement. For each individual Fly To Fit unit developed under the Multi-Unit Development Agreement, the franchisee will be required to sign Fly To Fit's then-current form of franchise agreement. The FDD notes that the franchise agreement signed for each individual unit may differ from the franchise agreement included in the disclosure document.
For prospective franchisees, this means that committing to a Multi-Unit Development Agreement involves a longer-term expansion plan with Fly To Fit. However, the specific terms and conditions for each Fly To Fit location will be governed by the franchise agreement in effect at the time that particular unit is opened, which may be subject to change.