factual

When does the Power of Attorney for a Punch King Fitness franchise terminate?

Punch_King_Fitness Franchise · 2024 FDD

Answer from 2024 FDD Document

POWER OF ATTORNEY TO ASSIGN TELEPHONE NUMBER

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)

Based on the 2024 Punch King Fitness Franchise Disclosure Document, the provided excerpts do not specify a termination date or condition for the Power of Attorney to Assign Telephone Number. The document describes the Power of Attorney as an agreement where the franchisee (Assignor) appoints Punch King Fitness, Inc. (Assignee) as their attorney-in-fact to manage telephone numbers and related business listings for the franchise.

Because the excerpt does not mention when the Power of Attorney terminates, it is important for a prospective franchisee to seek clarification from Punch King Fitness regarding the duration and termination conditions of this agreement. Understanding the circumstances under which this power of attorney ends is crucial for maintaining control over business assets like telephone numbers and listings.

It would be prudent to ask Punch King Fitness about the typical duration of this power of attorney, whether it automatically terminates upon the end of the franchise agreement, or if there are specific conditions that trigger its termination. This information will help a franchisee understand their rights and responsibilities concerning their business's telephone communications and listings.

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.