Many Texas gyms and martial arts studios post security with the Secretary of State’s Office because of the Texas Health Spa Act.
A popular form of security because of cost is a surety bond. The amount of the bond will range between $20,000 and $50,000. The number depends upon the membership prepayments collected.
Related Article – Does A Texas Martial Arts Contract Have To Comply With The Health Spa Act?
Or the owner can provide a certificate of deposit (CD) instead.
Of course, there are exceptions under the Act to the security rule.
Related Article – 7 Things You Must Include In A Texas Gym Membership Contract
Do you need help* complying with the Health Spa Act’s requirements?
Let’s talk. Schedule a phone consultation with Business Contracts Lawyer Mike Young today.
Related Resource: Click here to learn more about how we can help you
* We do not represent individual members in disputes because we focus on protecting owners of Texas martial arts studios and gyms.
