Does Fly To Fit have any pending actions alleging unfair or deceptive practices?
Fly_To_Fit Franchise · 2024 FDDAnswer from 2024 FDD Document
- The following is added at the end of Item 3:
Except as provided above, with regard to the franchisor, its predecessor, a person identified in Item 2, or an affiliate offering franchises under the franchisor's principal trademark:
- A. No such party has an administrative, criminal or civil action pending against that person alleging: a felony, a violation of a franchise, antitrust, or securities law, fraud, embezzlement, fraudulent conversion, misappropriation of property, unfair or deceptive practices, or comparable civil or misdemeanor allegations.
- B. No such party has pending actions, other than routine litigation incidental to the business, which are significant in the context of the number of franchisees and the size, nature or financial condition of the franchise system or its business operations.
- C. No such party has been convicted of a felony or pleaded nolo contendere to a felony charge or, within the 10 year period immediately preceding the application for registration, has been convicted of or pleaded nolo contendere to a misdemeanor charge or has been the subject of a civil action alleging: violation of a franchise, antifraud, or securities law; fraud; embezzlement; fraudulent conversion or misappropriation of property; or unfair or deceptive practices or comparable allegations.
- D. No such party is subject to a currently effective injunctive or restrictive order or decree relating to the franchise, or under a Federal, State, or Canadian franchise, securities, antitrust, trade regulation or trade practice law, resulting from a concluded or pending
Source: Item 23 — RECEIPTS (FDD pages 44–134)
What This Means (2024 FDD)
According to Fly To Fit's 2024 Franchise Disclosure Document, Item 23 includes an addendum that addresses pending actions against the franchisor. Specifically, it states that there are no pending administrative, criminal, or civil actions alleging unfair or deceptive practices against Fly To Fit, its predecessors, individuals identified in Item 2, or affiliates offering franchises under the Fly To Fit trademark.
Furthermore, the disclosure indicates that there are no pending actions, aside from routine litigation incidental to the business, that would be considered significant given the number of franchisees, the size, nature, or financial condition of the Fly To Fit franchise system or its business operations. This suggests that while routine legal matters may arise, none are substantial enough to materially impact the franchise system.
Additionally, the disclosure confirms that none of the aforementioned parties have been convicted of a felony or pleaded nolo contendere to a felony charge. Nor have they been subject to a civil action alleging violations of franchise, antifraud, or securities laws; fraud; embezzlement; fraudulent conversion or misappropriation of property; or unfair or deceptive practices within the 10 years preceding the application for registration. This provides further assurance regarding the legal standing and ethical conduct of Fly To Fit and its associated parties.
Finally, the disclosure states that no party is currently subject to an injunctive or restrictive order or decree related to the franchise, or under federal, state, or Canadian franchise, securities, antitrust, trade regulation, or trade practice law, resulting from a concluded or pending action or proceeding. This absence of such orders or decrees suggests that Fly To Fit is not currently under any legal constraints that could affect its operations or its relationship with franchisees.