What is the cure period allowed if an Aira Fitness franchisee default materially impairs the goodwill associated with the Marks?
Aira_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
In the event that a default under this Agreement occurs that materially impairs the goodwill associated with any of the Marks, violates any health, safety or sanitation law or regulation, or if the operation of the Aira Fitness Business presents a health or safety hazard to your members or to the public: (i) you will have no more than 24 hours after we provide written notice of the default to cure the default; and (ii) this Agreement will terminate effective immediately on our issuance of written notice of termination.
Source: Item 23 — **RECEIPTS (FDD pages 59–254)
What This Means (2025 FDD)
According to Aira Fitness's 2025 Franchise Disclosure Document, if a franchisee's default materially impairs the goodwill associated with the Aira Fitness Marks, the franchisee has a very limited time to cure the default. Specifically, the franchisee has no more than 24 hours after receiving written notice of the default to correct the issue.
This is a notably short cure period compared to other types of defaults, reflecting the critical importance Aira Fitness places on protecting its brand reputation and goodwill. The FDD also states that if the default also violates any health, safety, or sanitation laws or regulations, or if the operation of the Aira Fitness Business presents a health or safety hazard to members or the public, the same 24-hour cure period applies.
If the franchisee fails to cure the default within this 24-hour period, the Franchise Agreement will terminate immediately upon Aira Fitness's issuance of a written notice of termination. This immediate termination clause underscores the severity of defaults that could harm the brand's image or pose risks to public safety. Prospective franchisees should be aware of these strict conditions and ensure they have systems in place to address any potential issues promptly to avoid termination of their franchise agreement.