Who are the parties involved in 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 parties involved in the Multi-Unit Development Agreement (MUDA) are Fly To Fit Franchise, LLC, identified as a Delaware Limited Liability Company, and the franchisee. The agreement is established on the effective date as determined in the agreement.
Fly To Fit Franchise and the franchisee also enter into a Franchise Agreement for a Fly To Fit business on the same day that they execute the MUDA. Fly To Fit Franchise and the franchisee both want the franchisee to develop multiple Fly To Fit businesses.
This arrangement allows Fly To Fit to expand its brand presence through multi-unit ownership, while providing the franchisee with the opportunity to grow their business portfolio under the Fly To Fit brand. The MUDA outlines the terms and conditions for developing multiple Fly To Fit locations, setting the stage for a structured expansion by the franchisee.