What section of the Fly To Fit Franchise Agreement covers Renewal obligations?
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 in the Franchise Agreement that addresses renewal obligations is § 3.2. This information is found in Item 11, which generally discusses the franchisor's assistance, advertising, computer systems, and training.
Specifically, the table provided in Item 11 outlines various obligations and the corresponding sections in both the Franchise Agreement (FA) and the Multi-Unit Development Agreement (MUDA). For renewal, it indicates that FA: § 3.2 pertains to this obligation, while the MUDA is marked as Not Applicable.
Prospective franchisees should carefully review Section 3.2 of the Fly To Fit Franchise Agreement to understand the specific terms and conditions required for renewing their franchise. This includes any requirements, fees, or conditions that must be met to qualify for a renewal term.