20.02.2013 Views

ANYTIME FITNESS FRANCHISE DISCLOSURE DOCUMENT

ANYTIME FITNESS FRANCHISE DISCLOSURE DOCUMENT

ANYTIME FITNESS FRANCHISE DISCLOSURE DOCUMENT

SHOW MORE
SHOW LESS

You also want an ePaper? Increase the reach of your titles

YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.

STATE SPECIFIC ADDENDUM TO DEVELOPMENT AGREEMENT<br />

AS<br />

REQUIRED BY<br />

THE NEW YORK GENERAL BUSINESS LAW<br />

Notwithstanding anything to the contrary set forth in the Anytime Fitness, LLC Area<br />

Development Agreement, the following provisions shall supersede any inconsistent provisions and apply<br />

to all Anytime Fitness franchises offered and sold in the state of New York:<br />

The New York Addendum is only applicable if you are a resident of New York or if your<br />

business will be located in New York.<br />

1. Section 8 of the Area Development Agreement is revised to include the following<br />

language:<br />

"Provided, however, that all rights arising under Franchisee's favor from<br />

the provisions of Article 33 of the GBL of the State of New York and the<br />

regulations issued thereunder shall remain in force; it being the intent of<br />

this provision that the non-waiver provisions of GBL Section 687.4 and<br />

687.5 be satisfied."<br />

2. Section 7 of the Area Development Agreement is revised to include the following:<br />

"Franchisor will not make an assignment except to an assignee who, in<br />

Franchisor's good faith judgment, is willing and able to assume its<br />

obligations under the Agreement."<br />

3. The Area Development Agreement is modified by the addition of the following<br />

Section 5:<br />

"In addition, Franchisee shall have the right to terminate the Area<br />

Development Agreement to the extent allowed under applicable law."<br />

IN WITNESS WHEREOF, the undersigned have executed this Addendum as of the date first set<br />

forth above.<br />

Franchisor: Developer:<br />

<strong>ANYTIME</strong> <strong>FITNESS</strong>, LLC<br />

By: ________ _<br />

Date: ________ _ Date: _______________ _<br />

ADA 12/09 NYDA-l

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!