Section 59.1-299 - Duration of contractNo health club contract shall have a duration for a period longer than thirty-six months, including any renewal period; however, a health club contract may exceed 36 months provided that:
1. Any initiation fee does not exceed 10 times the initial monthly fee;2. All payments for health club services, other than the initiation fee, are collected as monthly fees on a monthly basis;3. After an initial term of not more than 12 months, either party may cancel the health club contract upon not more than 30 days' notice; and4. The monthly fee is never reduced below 80 percent of the monthly fee at the time the contract is initially executed.1984, c. 738; 1990, cc. 392, 433; 1992, c. 117; 2014, c. 459.Amended by Acts 2014 c. 459, § 1, eff. 7/1/2014.