What modifications must I make to the Franchised Business Site after termination of my Punch King Fitness franchise?
Punch_King_Fitness Franchise · 2024 FDDAnswer from 2024 FDD Document
| Pro | ovision | Section in Franchise Agreement | Summary |
|---|---|---|---|
| your Principals violate any of the Covenants of the Franchisee, commit an infringement of the Proprietary Marks, or communicate, divulge, or use Confidential Information contrary to the Franchise Agreement. | |||
| i. | Your obligations on termination or nonrenewal | Article XX | Upon the termination, you must: cease to operate your Franchised Business and not hold itself out as a present or former Punch King Fitness franchisee of Franchisor; cease to use the Punch King Fitness System or Punch King Fitness Marks; make modifications to the Franchised Business Site to prevent the operation of any business on the Site that might be deemed substantially similar to the Punch King Fitness Franchised Business; at our option, assign to us (i) telephone numbers of the Franchised Business and all related Yellow Pages, White Pages, and other business listings, and (ii) Web Sites, web pages, listings, banners, URLs, advertisements, or any other services and links, and sell us the assets of the Franchised Business; turn over the Pun |
Source: Item 17 — RENEWAL, TERMINATION, TRANSFER AND DISPUTE RESOLUTION (FDD pages 42–53)
What This Means (2024 FDD)
According to Punch King Fitness's 2024 Franchise Disclosure Document, upon termination of your franchise agreement, you must make modifications to the Franchised Business Site. These modifications are required to prevent the operation of any business on the site that might be deemed substantially similar to a Punch King Fitness franchise.
In addition to modifying the site, you must cease operating your Franchised Business and not present yourself as a current or former Punch King Fitness franchisee. You are also required to stop using the Punch King Fitness System or Punch King Fitness Marks.
Furthermore, at Punch King Fitness's option, you may be required to assign to them the telephone numbers of the Franchised Business and all related Yellow Pages, White Pages, and other business listings, as well as Web Sites, web pages, listings, banners, URLs, advertisements, or any other services and links. You may also be required to sell Punch King Fitness the assets of the Franchised Business.