In the Fly To Fit FDD, what do the terms 'we,' 'us,' and 'our' refer to?
Fly_To_Fit Franchise · 2024 FDDAnswer from 2024 FDD Document
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In this disclosure document, "we", "us," or "our" refers to Fly To Fit Franchise, LLC. "You" means the person to whom we grant a franchise. If you are a corporation, limited liability company, or other entity, each owner of the franchise entity must sign our Guaranty and Non-Compete Agreement, which means that all of the franchise agreement's provisions also will apply to your owners.
Us, Any Parents, and Certain Affiliates
Our name is Fly To Fit Franchise, LLC. Our principal business address is 1814 Central Ave, Albany, NY 12205. We do not have any parent entities. We do not have any affiliates that offer franchises in any line of business or provide products or services to our franchisees.
Our Predecessors
We do not have any predecessors.
Our Business Name
We use the names "Fly To Fit Franchise, LLC" and "Fly To Fit". We do not intend to use any other names to conduct business.
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, the terms 'we', 'us', and 'our' refer to Fly To Fit Franchise, LLC. The document also clarifies that 'you' refers to the person or entity to whom Fly To Fit grants a franchise. If the franchisee is a corporation, limited liability company, or other entity, each owner of that entity must sign Fly To Fit's Guaranty and Non-Compete Agreement, making all provisions of the franchise agreement applicable to those owners as well. Fly To Fit Franchise, LLC was formed on August 22, 2022.
This definition is important for prospective franchisees as it clarifies the legal entity with which they are entering into a franchise agreement. Understanding which entity is the franchisor is crucial for legal and business purposes. The requirement for owners of franchise entities to sign a Guaranty and Non-Compete Agreement is a common practice in franchising. This protects Fly To Fit by ensuring that all individuals with a controlling interest in the franchise are personally bound by the terms of the agreement, including non-competition clauses.
Fly To Fit's FDD also states that its principal business address is 1814 Central Ave, Albany, NY 12205. Fly To Fit has no parent entities or affiliates that offer franchises in any line of business or provide products or services to its franchisees. Fly To Fit uses the names "Fly To Fit Franchise, LLC" and "Fly To Fit" and does not intend to use any other names to conduct business.