factual

What is the effect of the Power of Attorney on other agents designated by the Punch King Fitness franchisee?

Punch_King_Fitness Franchise · 2024 FDD

Answer 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 (referred to as the Assignor) grants Punch King Fitness, Inc. (referred to as the Assignee) the authority to act as their attorney-in-fact. This power of attorney allows Punch King Fitness to manage the franchisee's telephone numbers and related business listings.

Specifically, Punch King Fitness has the power to assign the franchisee's rights, title, and interest in telephone numbers and listings to themselves or their designee. This includes the ability to execute and deliver any transfer of service agreements or documentation required by the telephone service company.

The power of attorney grants Punch King Fitness full authority to perform any actions necessary to manage the telephone numbers and listings, as if the franchisee were doing it themselves. The franchisee confirms that Punch King Fitness can lawfully carry out these actions under the power of attorney. The document does not specify any impact on other agents designated by the Punch King Fitness franchisee.

Disclaimer: This information is extracted from the 2024 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.