Besides the modifications in the Aira Fitness Franchising LLC Addendum for South Dakota, what remains in effect regarding the Multi-Unit Development Agreement?
Aira_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
| 1. Section 2 of the Multi-Unit Development | Agreement is amended by the addition of the following: |
|---|---|
| to defer payment of the initial franc | ission's Division of Securities and Retail Franchising requires us hise fee and other initial payments owned by franchisees to the appleted its pre-opening obligations under the franchise agreement. |
| 2. Except as expressly modified hereby, tand effect in accordance with its terms. | the Multi-Unit Development Agreement shall remain in full force |
| IN WITNESS WHEREOF the partie counterparts on the date below the signatures | es hereto have executed, sealed and delivered this Agreement in s. |
| AIRA FITNESS FRANCHISING, | DEVELOPER: |
| LLC, an Illinois limited liability | |
| company | [Insert individual name or company] |
| By: | By: |
| Its: | Its: |
Source: Item 17 — **RENEWAL, TERMINATION,TRANSFER AND DISPUTE RESOLUTION THE FRANCHISE RELATIONSHIP (FDD pages 48–54)
What This Means (2025 FDD)
According to Aira Fitness's 2025 Franchise Disclosure Document, the Aira Fitness Franchising LLC Addendum to the Multi-Unit Development Agreement for the State of South Dakota modifies the original agreement. Specifically, it addresses the deferral of initial franchise fees and other initial payments until Aira Fitness has completed its pre-opening obligations under the franchise agreement, as required by the South Dakota's Division of Securities and Retail Franchising.
According to the addendum, except for the express modifications outlined within it, the original Multi-Unit Development Agreement remains fully effective and in force according to its original terms. This means that all other sections, clauses, and stipulations of the original agreement continue to apply to the relationship between Aira Fitness and the developer, unless specifically altered by the addendum.
For a prospective Aira Fitness franchisee, this implies that they should carefully review both the original Multi-Unit Development Agreement and the South Dakota addendum to fully understand their rights and obligations. They should pay close attention to which sections of the original agreement are superseded or modified by the addendum and ensure they understand how the agreement functions as a whole. It is important to note that the deferral of fees is contingent upon Aira Fitness completing its pre-opening obligations.