When does the franchisee's license to use the data collected by Punch King Fitness expire?
Punch_King_Fitness Franchise · 2024 FDDAnswer from 2024 FDD Document
ld wide web, or any other electronic network.
TERM AND RENEWAL
A. Initial Term
Except as otherwise provided, the term of this Agreement shall be for a period of 10 years commencing on the date set forth on the cover hereof.
**B.
Source: Item 22 — CONTRACTS (FDD pages 56–215)
What This Means (2024 FDD)
According to Punch King Fitness's 2024 Franchise Disclosure Document, the initial term of the franchise agreement is 10 years, commencing on the date set forth on the cover of the agreement. Upon expiration of the initial term, the franchisee has the option to renew the agreement for an additional term of 10 years, provided certain conditions are met at the end of each term.
Specifically, the franchisee can renew if they are not in default of the franchise agreement. This means that as long as the franchisee adheres to the terms and conditions outlined in the agreement, they have the opportunity to extend their franchise license.
Therefore, the franchisee's license to operate under the Punch King Fitness brand, including the use of any data collected, extends for the duration of the agreement, which can be up to 10 years initially and renewable for another 10 years, contingent on compliance with the agreement's terms.