What constitutes a third default of any type within 24 months that could lead to immediate termination of the Aira Fitness franchise?

According to the 2025 Aira Fitness Franchise Disclosure Document, a third default of any type within a 24-month period can result in the immediate termination of the franchise agreement. This means that if a franchisee commits three separate violations of the franchise agreement, regardless of the nature of those violations, within a two-year span, Aira Fitness has the right to terminate the agreement without providing an opportunity to correct the issue.

This provision highlights the importance of strict adherence to the franchise agreement. Franchisees must be diligent in understanding and complying with all aspects of the agreement to avoid accumulating defaults that could lead to termination. This includes operational standards, payment obligations, and any other requirements outlined in the agreement.

The immediate termination clause underscores the potential risks involved in franchising with Aira Fitness. Unlike some franchise systems that offer a cure period for most defaults, Aira Fitness reserves the right to terminate the agreement immediately after a third default within 24 months. This policy places a significant burden on franchisees to maintain consistent compliance.

Prospective Aira Fitness franchisees should carefully review the franchise agreement and seek legal counsel to fully understand the implications of this termination clause. It is crucial to assess one's ability to consistently meet all obligations under the agreement to mitigate the risk of accumulating defaults and facing potential termination.