In the Pump It Up franchise agreement receipt, what signatures are required?
Pump_It_Up Franchise · 2025 FDDAnswer from 2025 FDD Document
IN WITNESS WHEREOF, the parties have executed and delivered this Agreement on the dates noted below, to be effective as of the Effective Date.
PUMP IT UP HOLDINGS, LLC, an Arizona limited liability company
ADDENDUM TO PUMP IT FRANCHISE AGREEMENT
REQUIRED FOR MINNESOTA FRANCHISEES
Source: Item 23 — RECEIPTS (FDD pages 60–225)
What This Means (2025 FDD)
According to the 2025 Pump It Up Franchise Disclosure Document, the franchise agreement and related addenda require signatures from both Pump It Up Holdings, LLC, and the franchisee. Specifically, addenda to the Pump It Up Franchise Agreement for franchisees in New York, Washington and Minnesota state that both parties must execute and deliver the agreement, which becomes effective on the noted effective date.
For a transfer of ownership, if the proposed transferee is an entity, they must complete Exhibit 4, and all individuals identified in Section 14.C must sign the guaranty attached as Exhibit 5. Additionally, in the event of a transfer, the franchisee and all of their owners may be required to sign a written guaranty to remain liable for obligations incurred before the transfer date, at Pump It Up's request.
Furthermore, the Pump It Up FDD includes Exhibit F, which is a Software License Agreement. The document notes to attach additional signature pages as needed, implying that this agreement also requires signatures. It is important for prospective franchisees to carefully review all exhibits and addenda to understand their obligations and ensure all necessary documents are properly signed.