In relation to the Pump It Up Franchise Agreement, when is the addendum 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 indicates that the addendum is a concurrent part of the franchising process, becoming effective at the same time as the main agreement.
This simultaneous execution ensures that all parties are immediately bound by the terms and conditions outlined in both the Franchise Agreement and its addendum. For prospective Pump It Up franchisees, this means understanding and agreeing to the addendum's provisions is as crucial as understanding the core Franchise Agreement itself.
The FDD excerpts include addenda required for franchisees in specific states such as New York, Washington, Wisconsin, Maryland and Minnesota, suggesting that the content of the addendum can vary based on location and local laws. Franchisees should carefully review any addenda applicable to their specific circumstances to ensure compliance with state-specific regulations.