Which section of the Punch King Fitness franchise agreement is amended by the addition of a sentence?

According to the 2024 Punch King Fitness Franchise Disclosure Document, the Rhode Island Addendum to the Franchise Agreement includes amendments to comply with the Rhode Island Franchise Investment Act. Specifically, two sections of the franchise agreement are amended by adding sentences. The first amendment states that a general release required as a condition of renewal, assignment, or transfer shall not apply to any claim or liability arising under the Rhode Island Franchise Investment Act. The second amendment specifies that any provision in the Franchise Agreement that requires the application of the laws of another state or designates jurisdiction or venue in a forum outside the State of Rhode Island is void with respect to a claim otherwise enforceable under the Rhode Island Franchise Investment Act.

These amendments are crucial for prospective Punch King Fitness franchisees in Rhode Island as they protect their rights under the Rhode Island Franchise Investment Act. The amendments ensure that franchisees cannot be forced to waive their rights or be subjected to legal proceedings outside of Rhode Island for claims enforceable under the Act. This provides a level of legal protection and recourse for franchisees operating in Rhode Island.

It is common for franchise agreements to have state-specific addenda to comply with local laws, and Punch King Fitness is following this practice. Franchisees should carefully review any state-specific addenda to understand their rights and obligations in their particular state. These addenda often address issues such as termination rights, dispute resolution, and other legal matters that vary from state to state.