What year is referenced for the Punch King Fitness rider agreement?
Punch_King_Fitness Franchise · 2024 FDDAnswer from 2024 FDD Document
which Tenant had to cure the default. Notice will be sent to the following address or to the address Franchisor may, from time to time, specify in writing to Landlord:
Punch King Fitness, Inc. 1588 Noriega St., San Franciso, CA 94122
Exhibit 5. Franchise Premises De-identification. Upon termination, expiration, or non-renewal of the Lease Agreement, Tenant may de-identify the Franchise Premises. If the Tenant fails to do so, Landlord gives Franchisor the express right to de-identify. De-identification consists of the removal of all signs; modification or remodeling of all identifying architectural features; repainting as necessary to no longer use the color scheme used by Franchisor, and any other steps necessary (in Franchisor's reasonable discretion) to effectively distinguish the Franchise Premises from Franchisor's proprietary designs and marks. Landlord waives and releases any security or any other interest in or to any furniture, fixtures, equipment, inventory, supplies, or any other items or materials which bear Franchisor's proprietary designs and marks or otherwise designate or are specific to the Punch King Fitness Brand.
IN WITNESS, the parties have executed this Rider on the day and year first above written.
("Tenant"): Punch King Fitness, Inc. ("Landlord"):
Source: Item 22 — CONTRACTS (FDD pages 56–215)
What This Means (2024 FDD)
The 2024 Punch King Fitness Franchise Disclosure Document includes several exhibits and agreements. Exhibit 5 is a rider to the franchise premises lease agreement. The document states that the parties executed the rider on the day and year first above written. The specific year is not mentioned in the excerpt, so it is not possible to determine the exact year the rider agreement refers to based on this document alone.
Prospective Punch King Fitness franchisees should pay close attention to the dates on all agreements to ensure they understand the current terms and obligations. The date of execution can have legal and financial implications, so it's important to verify that all dates are accurate and consistent across all documents.
To clarify the exact year of the rider agreement, a prospective franchisee should ask the franchisor directly. This will ensure that the franchisee has a clear understanding of the agreement's effective date and any associated obligations.