As of the date of this Pump It Up FDD, what is the status of the Illinois addendum?
Pump_It_Up Franchise · 2025 FDDAnswer from 2025 FDD Document
ADDENDUM TO PUMP IT FRANCHISE AGREEMENT REQUIRED FOR ILLINOIS FRANCHISEES
Source: Item 23 — RECEIPTS (FDD pages 60–225)
What This Means (2025 FDD)
According to the 2025 Pump It Up Franchise Disclosure Document, an addendum to the franchise agreement is required for Illinois franchisees. This indicates that if a prospective franchisee is planning to open a Pump It Up location in Illinois, they will need to sign an additional document that modifies the standard franchise agreement to comply with Illinois state laws.
This addendum likely addresses specific legal requirements or clarifications necessary for franchising within Illinois. These modifications can cover a range of topics, such as dispute resolution, termination rights, or waivers of liability, ensuring that the franchise agreement adheres to Illinois's franchise regulations.
Prospective Pump It Up franchisees in Illinois should carefully review the Illinois addendum along with the standard franchise agreement to understand their rights and obligations under Illinois law. It is advisable to seek legal counsel to fully comprehend the implications of the addendum and how it affects their franchise agreement.