Which section of the Fly To Fit Franchise Agreement addresses renewal?
Fly_To_Fit Franchise · 2024 FDDAnswer from 2024 FDD Document
| Obligation | Section in agreement | Disclosure document item | |
|---|---|---|---|
| MUDA: Not Applicable | |||
| t. Transfer | FA: Article 15 MUDA: Article 7 | Items 6 and 17 | |
| u. Renewal | FA: § 3.2 MUDA: Not Applicable | Item 17 | |
| v. Post-termination obligations | FA: Article 13, § 14.3 MUDA: Not Applicable | Item 17 | |
| w. Non-competition covenants | FA: § 13.2 MUDA: Not Applicable | Item 17 | |
| x. Dispute resolution | FA: Article 17 MUDA: Article 7 | Items 6 and 17 |
Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS, AND TRAINING (FDD pages 23–30)
What This Means (2024 FDD)
According to Fly To Fit's 2024 Franchise Disclosure Document, the section of the Franchise Agreement that addresses renewal is § 3.2. This information is found in Item 11, which generally discusses the franchisor's assistance, advertising, computer systems, and training provided to franchisees.
Specifically, the table provided in Item 11 outlines various obligations and their corresponding sections within the Franchise Agreement (FA) and Multi-Unit Development Agreement (MUDA). For the topic of renewal, the table indicates that it is covered in Section 3.2 of the Franchise Agreement. The corresponding disclosure document item is Item 17.
Prospective franchisees should carefully review Section 3.2 of the Franchise Agreement and Item 17 of the FDD to fully understand the terms and conditions for renewing their Fly To Fit franchise. This includes understanding any requirements, fees, or conditions that must be met to qualify for a renewal term.