Who is designated as the Assignor in the Punch King Fitness Power of Attorney?
Punch_King_Fitness Franchise · 2024 FDDAnswer from 2024 FDD Document
The undersigned Punch King Fitness franchisee (Assignor) does hereby irrevocably constitute and appoint Punch King Fitness, Inc., a California Corporation (Assignee), the true and lawful attorney-in-fact and agent for Assignor and in Assignor's name, place and stead, to do or cause to be done all things and to sign, execute, acknowledge, certify, deliver, accept, record and file all such agreements, certificates, instruments and documents as, in the sole discretion of Assignee, may be necessary or advisable for the sole purpose of assigning to Assignee or Assignee's designee all of Assignor's right, title and interest in and to any and all telephone numbers of Assignor's Punch King Fitness Franchised Business and all related Yellow Pages, White Pages and other business listings, including but not limited to, the execution and delivery of any Transfer of Service Agreement and any other transfer documentation required by the applicable telephone service company providing telephone services for Assignor, hereby granting unto Assignee full power and authority to do and perform any and all acts and things which, in the sole discretion of Assignee, are necessary or advisable to be done as fully to all intents and purposes as Assignor might or could itself do, hereby ratifying and confirming all that Assignee may lawfully do or cause to be done by virtue of this Power of Attorney and the powers herein granted.
Source: Item 22 — CONTRACTS (FDD pages 56–215)
What This Means (2024 FDD)
According to the 2024 Punch King Fitness Franchise Disclosure Document, the franchisee is designated as the Assignor in the Power of Attorney to assign a telephone number. The document states that the franchisee irrevocably constitutes and appoints Punch King Fitness, Inc. as the attorney-in-fact and agent to assign all rights, titles, and interests in telephone numbers related to the franchised business.
This means that as a Punch King Fitness franchisee, you grant Punch King Fitness, Inc. the authority to manage and transfer your business's telephone numbers and related listings. This includes the power to execute any necessary agreements or documents for transferring these assets to Punch King Fitness, Inc. or their designee.
This arrangement allows Punch King Fitness to maintain control over the brand's presence in telephone directories and ensure consistency across all franchise locations. It is important for prospective franchisees to understand the implications of granting this power of attorney, as it relinquishes control over business telephone numbers to the franchisor.