What is the role of written instruments in governing the relationship between Punch King Fitness and the franchisee?
Punch_King_Fitness Franchise · 2024 FDDAnswer from 2024 FDD Document
ons hereof, or from any specification, standard, or operating procedure prescribed by Franchisor, any portion or portions that a court may hold to be unreasonable and unenforceable in a final decision to which Franchisor is a party, or from reducing the scope of any promise or covenant to the extent required to comply with such a court order. Any such
modifications to this Agreement shall be effective only in such jurisdiction, unless Franchisor elects to give them greater applicability, and shall be enforced as originally made and entered into in all other jurisdictions.
H.Survival of Covenants
All provisions of this Agreement which, by their terms, are intended to survive the termination or expiration of this Agreement (such as, by way of illustration and not limitation, the provisions relating to confidential information, indemnification, post-termination competition, and the Marks), and all provisions hereof necessary to enforce and interpret such provisions (such as, by way of illustration and not limitation, the provisions relating to arbitration and injunctive relief), shall survive the termination, expiration or cancellation of this Agreement or the franchise granted hereunder.
I. No Third-Party Beneficiaries
Nothing in this Agreement is intended, nor shall be deemed, to confer any rights or remedies upon any person or entity not a party hereto.
J. Counterparts.
This Agreement may be executed in two (2) or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement or caused this Agreement to be executed by their duly authorized agents as of the date first written above.
FRANCHISOR: PUNCH KING FITNESS, INC. INDIVIDUAL FRANCHISEE: INDIVIDUAL FRANCHISEE: Print Name Print Name
EXHIBIT 1. IDENTIFICATION OF FRANCHISEE TO THE PUNCH KING FITNESS FRANCHISE AGREEMENT
| | INDIVIDUAL FRANCHISEE | | |-----------------------------------------|--------------------------------|------------------| | Name: | | | | Date of Birth: | | | | Home Address (P.O. Box not acceptable): | | | | City: State: ZIP: | | | | Home Telephone: SSN: | NON-INDIVIDUAL FRANCHISEE | | | Check One: Corporation | Limited Liability Company | Partnership | | Name: | | | | Address: | | | | City: State: ZIP: | | | | Telephone: EIN: | | | | Date of Organization: | State of Organization: | | | Statutory/Registered Agent: | | | | Address of Agent: | | | | City: State: ZIP: | | | | Officers | | | | President: Vice President: | | | | Treasurer: | Secretary: | | | Shareholders/Members/Partners | Percentage of Ownership: | | | Name: | | | | Home Address: | | | | City: State: ZIP: | | | | Home Telephone: SSN: | | | | Name: | Percentage of Ownership: | |
Home Address: City: State: ZIP: Home Telephone: SSN: Percentage of Ownership: Home Address: City: State: ZIP: Home Telephone: SSN: Percentage of Ownership: Home Address: City: State: ZIP: Home Telephone: SSN: Percentage of Ownership: Home Address: City: State: ZIP: Home Telephone: SSN: term of the Franchise Agreement to which this Exhibit 1 is attached. Signature The undersigned individual Franchisee, or if Franchisee is other than an individual, each of the Principals of Franchisee, hereby certify that the foregoing information is accurate and complete to the best of their knowledge and agree to notify Franchisor promptly of any change in any such information during the Print Name Print Name Print Name Print Name
EXHIBIT 2. SITE AND TERRITORY
TO THE PUNCH KING FITNESS FRANCHISE AGREEMENT
- The address and/or description of the Site for the Franchised Business shall be: 2.
Source: Item 22 — CONTRACTS (FDD pages 56–215)
What This Means (2024 FDD)
According to the 2024 Punch King Fitness Franchise Disclosure Document, the relationship between Punch King Fitness and its franchisees is governed by several written instruments. The Franchise Agreement itself is the primary document, outlining the rights, responsibilities, and obligations of both parties. Several exhibits are attached to and incorporated into the Franchise Agreement, such as Exhibit 1 which identifies the franchisee, Exhibit 2 which defines the site and territory, and Exhibit 3 which authorizes electronic fund transfers. These exhibits provide specific details that supplement the main agreement.
Several clauses within the Franchise Agreement address the legal standing and enforceability of the document. Modifications to the agreement are only effective in specific jurisdictions unless Punch King Fitness decides to broaden their applicability. All provisions intended to survive termination or expiration of the agreement, such as those relating to confidential information, indemnification, post-termination competition, and the Marks, remain in effect even after the franchise relationship ends. The agreement explicitly states that it does not confer any rights or remedies to third parties not involved in the agreement.
Franchisees must also ensure their principals, directors, officers, and managers sign confidentiality agreements to protect proprietary information. These agreements specifically identify Punch King Fitness as a third-party beneficiary, granting Punch King Fitness independent rights to enforce these confidentiality provisions. Furthermore, franchisees are required to notify Punch King Fitness promptly of any legal proceedings or governmental orders that could negatively impact the franchised business's operations or financial condition. These written notifications and agreements ensure Punch King Fitness is kept informed and can take appropriate action if necessary.
The Franchise Agreement also addresses the use of and improvements to the Punch King Fitness method. Franchisees must strictly follow the procedures prescribed by Punch King Fitness. Any innovations or improvements developed by the franchisee must be submitted to Punch King Fitness, with all proprietary rights belonging exclusively to Punch King Fitness. This ensures uniformity and protects the Punch King Fitness system. The agreement can be executed in multiple counterparts, each considered an original, collectively forming a single instrument. This allows for flexibility in signing while maintaining the agreement's legal integrity.