What is the full name of the Multi-Unit Development Agreement for Fly To Fit?
Fly_To_Fit Franchise · 2024 FDDAnswer from 2024 FDD Document
| This Multi-Unit Development Agreement (this "MUDA") is made between Fly To Fit Franchise, | |
|---|---|
| LLC, a Delaware Limited Liability Company | |
| ("Fly To Fit Franchise") and, a | |
| ("Franchisee") on the Effective Date. |
Source: Item 23 — RECEIPTS (FDD pages 44–134)
What This Means (2024 FDD)
According to Fly To Fit's 2024 Franchise Disclosure Document, the full name of the agreement is the "Multi-Unit Development Agreement". Throughout the document, this agreement is abbreviated as "MUDA."
This agreement is made between Fly To Fit Franchise, LLC, and the franchisee. The MUDA outlines the terms and conditions under which a franchisee can develop multiple Fly To Fit businesses. It is executed alongside the initial Franchise Agreement for the first Fly To Fit business.
The MUDA does not grant the franchisee the right to immediately begin constructing or operating multiple Fly To Fit locations. Each additional location requires the franchisee to execute Fly To Fit's current standard franchise agreement, typically within three business days of securing a location. The franchisee must also pay the total Initial Franchise Fee to Fly To Fit upon execution of the MUDA; this fee is non-refundable.