When are the parties expected to sign the Wisconsin addendum to the Punch King Fitness Franchise Agreement?

According to the 2024 Punch King Fitness Franchise Disclosure Document, the Wisconsin addendum is signed concurrently with the Franchise Agreement and Franchise Related Agreements. This means that all parties involved, including Punch King Fitness and the franchisee, will sign the addendum at the same time they sign the main Franchise Agreement and any other related agreements. This ensures that the addendum, which modifies the Franchise Agreement to comply with Wisconsin law, is agreed upon and legally binding from the outset of the franchise relationship.

This concurrent signing is a standard practice to ensure that all agreements and addenda are executed simultaneously, preventing any potential disputes about the applicability or enforceability of the addendum. It also streamlines the onboarding process for the franchisee, as all legal documents are finalized at the same time. The Wisconsin Addendum itself addresses specific legal requirements within the state, particularly concerning the Wisconsin Fair Dealership Law, which may supersede certain provisions of the standard Franchise Agreement.

For a prospective Punch King Fitness franchisee in Wisconsin, this means they should carefully review the Wisconsin Addendum alongside the Franchise Agreement to understand their rights and obligations under Wisconsin law. They should also be aware that certain provisions in the Franchise Agreement may be superseded by the Wisconsin Fair Dealership Law, as stated in the addendum. Consulting with a legal professional familiar with Wisconsin franchise law is advisable to fully understand the implications of the addendum and the Franchise Agreement.