What is the legal entity of Fly To Fit Franchise?
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, Fly To Fit Franchise is a Delaware Limited Liability Company, or LLC. This information is found within the Multi-Unit Development Agreement (MUDA). The MUDA outlines the agreement between Fly To Fit and the franchisee for developing multiple Fly To Fit businesses.
As an LLC, Fly To Fit has a specific legal structure that offers certain protections and benefits. The "Rhode Island Rider to Franchise and Multi-Unit Development Agreement" and the "New York Rider to Franchise and Multi-Unit Development Agreement" both refer to Fly To Fit Franchise, LLC, reinforcing its status as a Limited Liability Company. These riders are amendments to the franchise and multi-unit development agreements, addressing specific legal considerations within those states.
Furthermore, the "Form of General Release" included as Exhibit E in the FDD also identifies Fly To Fit Franchise, LLC as a Delaware Limited Liability Company. This form is used in circumstances such as franchise renewal or the sale of a franchise, where a general release is required. This consistent identification across various documents within the FDD confirms the legal structure of Fly To Fit Franchise.