As of the date of this Pump It Up FDD, what is the status of the Wisconsin addendum?
Pump_It_Up Franchise · 2025 FDDAnswer from 2025 FDD Document
n of the General Release. ("Franchisee") and 1. The General Release is amended to include the following Section 9: 9. Applicability of General Release. This Release shall not apply to any claims arising under the Washington Franchise Investment Protection Act, RCW 19.100, and the rules adopted thereunder. 2. Any capitalized term that is not defined in this Addendum shall have the meaning given it in the General Release. 3. Except as expressly modified by this Addendum, the General Release remains unmodified and in full force and effect. IN WITNESS WHEREOF, Franchisee and Guarantors have executed and delivered this Addendum to General Release. (IF APPLICANT IS AN ENTITY) (IF APPLICANT IS AN INDIVIDUAL) GUARANTOR: Its: Date: GUARANTOR:
ADDENDUM TO PUMP IT UP FRANCHISE AGREEMENT
REQUIRED FOR WISCONSIN FRANCHISEES
("Franchise Agreement") between Pump This Addendum to Pump It Up Franchise Agreement dated It Up Holdings, LLC ("You") is entered into simultaneously with the execution of the ("PIU") and Franchise Agreement. 1. The following paragraph is added to Sections 4.C and 19: Chapter 135. The conditions under which this Agreement can be terminated or not renewed may be affected by the Wisconsin Fair Dealership Law, Wisconsin Statutes 1981-82, Title XIV-A, 2. Franchise Agreement. Any capitalized term that is not defined in this Addendum shall have the meaning given it in the 3. and in full force and effect. below, to be effective as of the Effective Date PUMP IT UP HOLDINGS, LLC, an Arizona limited liability company.
Source: Item 23 — RECEIPTS (FDD pages 60–225)
What This Means (2025 FDD)
According to the 2025 Pump It Up Franchise Disclosure Document, there is an addendum to the franchise agreement required for Wisconsin franchisees. This addendum modifies sections 4.C and 19 of the franchise agreement to include a paragraph addressing the Wisconsin Fair Dealership Law, specifically Wisconsin Statutes 1981-82, Title XIV-A, Chapter 135, which may affect the conditions under which the agreement can be terminated or not renewed. The addendum states that any capitalized term not defined within the addendum will have the meaning given in the franchise agreement.
This addendum ensures that Pump It Up franchisees in Wisconsin are aware of and protected by the Wisconsin Fair Dealership Law. This law provides certain rights and protections to dealers, including franchisees, in their relationships with grantors, such as franchisors. It aims to create a more balanced relationship by setting standards for termination and non-renewal of dealership agreements.
For a prospective Pump It Up franchisee in Wisconsin, this means that the terms of the franchise agreement are subject to the provisions of the Wisconsin Fair Dealership Law. This law may provide additional protections beyond what is stated in the franchise agreement itself, particularly regarding termination and renewal. Franchisees should familiarize themselves with the Wisconsin Fair Dealership Law to understand their rights and obligations fully.
Additionally, the FDD includes the statement: "REGISTRATION OF THIS FRANCHISE IN WISCONSIN DOES NOT MEAN THAT THE STATE RECOMMENDS IT OR HAS VERIFIED THE INFORMATION IN THIS DISCLOSURE DOCUMENT." This is a standard disclaimer, clarifying that the state's registration of the franchise does not constitute an endorsement or validation of the information provided in the FDD.