factual

What happens if a provision of the Fly To Fit release agreement is held invalid?

Fly_To_Fit Franchise · 2024 FDD

Answer from 2024 FDD Document

A release or waiver of rights executed by a franchisee shall not include rights under the Washington Franchise Investment Protection Act except when executed pursuant to a negotiated settlement after the agreement is in effect and where the parties are represented by independent counsel. Provisions such as those which unreasonably restrict or limit the statute of limitation period for claims under the Act, rights or remedies under the Act such as a right to a jury trial may not be enforceable.

Source: Item 23 — RECEIPTS (FDD pages 44–134)

What This Means (2024 FDD)

Based on the 2024 Fly To Fit Franchise Disclosure Document, the Washington Addendum addresses the scenario where provisions of a release or waiver of rights executed by a franchisee are deemed invalid. Specifically, provisions that unreasonably restrict or limit the statute of limitations period for claims, rights, or remedies under the Washington Franchise Investment Protection Act may not be enforceable. This includes rights such as the right to a jury trial.

For a prospective Fly To Fit franchisee in Washington, this means that any release or waiver they sign should be carefully reviewed to ensure it does not unduly limit their rights under Washington law. The addendum emphasizes that a release or waiver is only valid if it's part of a negotiated settlement after the franchise agreement is in effect and if both parties are represented by independent counsel. This protects the franchisee from unknowingly giving up important legal rights.

This type of protection is not uncommon in franchise agreements, as many states have franchise investment protection laws designed to safeguard franchisees from overreaching franchisors. The Washington addendum ensures that Fly To Fit franchisees in that state retain their statutory rights and remedies, even if they sign a release or waiver. Franchisees should always consult with an attorney to fully understand their rights and obligations under any franchise agreement and related documents.

Disclaimer: This information is extracted from the 2024 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.