When is the Franchise Agreement between Pump It Up Holdings, LLC and the franchisee entered into?
Pump_It_Up Franchise · 2025 FDDAnswer from 2025 FDD Document
| This Addendum to Pump It Up Franchise Agreement dated ("Franchise Agreement") |
|---|
| between Pump It Up Holdings, LLC ("PIU") and ("You") is entered into |
| simultaneously with the execution of the Franchise Agreement. |
Source: Item 23 — RECEIPTS (FDD pages 60–225)
What This Means (2025 FDD)
According to the 2025 Pump It Up Franchise Disclosure Document, the Addendum to the Pump It Up Franchise Agreement is entered into simultaneously with the execution of the Franchise Agreement. This means that both documents are signed at the same time.
This simultaneous execution ensures that the terms and conditions outlined in the addendum, which may address state-specific requirements or modifications to the standard agreement, are legally binding from the outset of the franchise relationship. For franchisees, this means that all aspects of the agreement, including any state-specific provisions, are effective from the date of signing.
Several states require addendums to the franchise agreement. For example, New York, Washington, Wisconsin, Maryland, and Illinois all require addendums to the franchise agreement. These addendums address specific laws and regulations within those states, ensuring that the franchise agreement complies with local legal requirements. The simultaneous execution of the addendum and the franchise agreement ensures that these state-specific provisions are an integral part of the overall agreement from the beginning.