factual

Does Fly To Fit provide a receipt for State Addenda to Agreements?

Fly_To_Fit Franchise · 2024 FDD

Answer from 2024 FDD Document

RECEIPT

This disclosure document summarizes certain provisions of the franchise agreement and other information in plain language. Read this disclosure document and all agreements carefully.

If Fly To Fit Franchise, LLC offers you a franchise, it must provide this disclosure document to you 14 calendar-days before you sign a binding agreement with, or make a payment to, the franchisor or an affiliate in connection with the proposed franchise sale. New York requires that you be given this disclosure document at the earlier of the first personal meeting or 10 business days before the execution of any franchise or other agreement, or payment of any consideration that relates to the franchise relationship.

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

What This Means (2024 FDD)

The 2024 Fly To Fit Franchise Disclosure Document includes a general receipt that confirms the franchisee has received the disclosure document. This receipt serves as an acknowledgment that Fly To Fit provided the document within the mandated timeframe, either 14 calendar days before signing an agreement or making a payment, or, in New York, at the earlier of the first personal meeting or 10 business days before signing. The receipt also serves as a reminder to carefully read the disclosure document and all agreements.

However, the FDD does not explicitly state that Fly To Fit provides a separate receipt specifically for state addenda to the agreements. The document includes several state-specific addenda, such as those for Illinois, Indiana, Hawaii, Rhode Island, and Washington, which modify the franchise agreement to comply with local laws. These addenda address issues like governing law, waivers, and dispute resolution.

While the general receipt covers the entire disclosure document, the absence of a specific receipt for state addenda could mean that franchisees need to be extra diligent in confirming they have received and understood all applicable state-specific modifications. A prospective Fly To Fit franchisee should confirm with Fly To Fit whether a separate receipt for state addenda is provided or required, and ensure they retain copies of all addenda for their records.

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.