factual

What does the Wisconsin Addendum to the Punch King Fitness Franchise Agreement ratify and affirm?

Punch_King_Fitness Franchise · 2024 FDD

Answer from 2024 FDD Document

WISCONSIN ADDENDUM TO FRANCHISE AGREEMENT

The Franchise Agreement to which this addendum is attached is amended as follows to comply with the Wisconsin Fair Dealership Law:

    1. The Wisconsin Fair Dealership Law, Chapter 135, Stats., supersedes any inconsistent provisions of the Franchise Agreement.
    1. Each provision of this Addendum is effective only to the extent that the jurisdictional requirements of the Wisconsin Fair Dealership Law are met independently of this addendum. To the extent, this addendum is inconsistent with any term or condition of the Franchise Agreement or its exhibits or attachments, the terms of this Addendum control. Franchisor and Franchisee hereby ratify and affirm the Franchise Agreement in all other respects.

Source: Item 22 — CONTRACTS (FDD pages 56–215)

What This Means (2024 FDD)

According to the 2024 Punch King Fitness Franchise Disclosure Document, the Wisconsin Addendum to the Franchise Agreement includes specific stipulations to ensure compliance with the Wisconsin Fair Dealership Law. This addendum explicitly states that the Wisconsin Fair Dealership Law supersedes any conflicting provisions within the standard Franchise Agreement.

Furthermore, the addendum clarifies that each provision within it is effective only to the extent that the jurisdictional requirements of the Wisconsin Fair Dealership Law are independently met. This means that the terms of the addendum will only apply if they align with the legal requirements of Wisconsin, regardless of the addendum itself.

Finally, the Wisconsin Addendum confirms that both Punch King Fitness and the franchisee ratify and affirm the original Franchise Agreement in all other respects, except where the addendum explicitly states otherwise. This ensures that the core agreement remains valid and enforceable, except for the specific modifications outlined in the addendum to comply with Wisconsin law. In essence, the addendum fine-tunes the agreement to fit Wisconsin's legal landscape while keeping the rest of the franchise terms intact.

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.