What exhibit in the Pump It Up Franchise Agreement contains Franchise Information?
Pump_It_Up Franchise · 2025 FDDAnswer from 2025 FDD Document
EXHIBIT 1 TO THE PUMP IT UP FRANCHISE AGREEMENT
FRANCHISE INFORMATION
Source: Item 23 — RECEIPTS (FDD pages 60–225)
What This Means (2025 FDD)
According to the 2025 Pump It Up Franchise Disclosure Document, Exhibit 1 to the Pump It Up Franchise Agreement contains Franchise Information. This exhibit is a crucial part of the franchise agreement as it lays out specific details relevant to the franchisee's operation.
Exhibit 1 is referenced in Section 3.A of the franchise agreement, which discusses the franchisee's protected area. The protected area is the geographic region where Pump It Up agrees not to operate or license others to operate a competing Pump It Up Business, offering the franchisee a degree of exclusivity. However, this exclusivity is limited and subject to the franchisee's compliance with the agreement.
Furthermore, Section 1.E of the franchise agreement specifies that the franchisee will operate their Pump It Up Business at a location specified in Exhibit 1, referred to as the Premises. If the premises have not been approved in writing by Pump It Up as of the effective date of the agreement, the protected area will be determined after the franchisee secures a lease or otherwise obtains approval for the premises. At that point, the protected area details will be added to Exhibit 1.