When are the franchise fees due for a Fly To Fit Multi-Unit Development Agreement?
Fly_To_Fit Franchise · 2024 FDDAnswer from 2024 FDD Document
On the same day as they execute this MUDA, Fly To Fit Franchise and Franchisee have entered into a Franchise Agreement for the franchise of a Fly To Fit business (the "Franchise Agreement"; capitalized terms used but not defined in this MUDA have the meanings given in the Franchise Agreement). Fly To Fit Franchise and Franchisee desire that Franchisee develop multiple Fly To Fit businesses.
1. Multi-Unit Commitment.
(a) Development Schedule; Fee. Franchisee shall develop and open Fly To Fit businesses on the following schedule:
Source: Item 5 — INITIAL FEES (FDD page 12)
What This Means (2024 FDD)
According to the 2024 Fly To Fit Franchise Disclosure Document, the franchise agreement and the Multi-Unit Development Agreement (MUDA) are executed on the same day. The FDD states that Fly To Fit and the franchisee desire that the franchisee develop multiple Fly To Fit businesses.
The FDD specifies that the franchisee must adhere to a development schedule for opening Fly To Fit businesses. However, the excerpt does not specify when the franchise fees are due for a Fly To Fit Multi-Unit Development Agreement.
As the FDD excerpt does not provide the due date for franchise fees under a Multi-Unit Development Agreement, prospective franchisees should directly ask Fly To Fit for clarification on the specific payment terms and schedule associated with the MUDA.