What is the deadline in New York for Aira Fitness Franchising LLC to provide the Franchise Disclosure Document before the execution of the franchise agreement?
Aira_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
If AIRA Fitness Franchising LLC offers you a franchise, it must provide this disclosure document to you 14 calendar-days before you sign a binding agreement with, or make a payment to, the franchisor or an affiliate in connection with the proposed franchise sale (or sooner if required by state law). New York requires that we give you this disclosure document at the earlier of the first personal meeting or 10 business days before the execution of the franchise or other agreement or the payment of any consideration that relates to the franchise relationship.
Source: Item 23 — **RECEIPTS (FDD pages 59–254)
What This Means (2025 FDD)
According to Aira Fitness's 2025 Franchise Disclosure Document, in New York, Aira Fitness Franchising LLC must provide the Franchise Disclosure Document (FDD) to prospective franchisees at the earlier of two deadlines. The first possible deadline is the first personal meeting between Aira Fitness and the prospective franchisee. The second deadline is 10 business days before the execution of the franchise or any other agreement related to the franchise relationship, or before any payment of consideration related to the franchise relationship. This means Aira Fitness must provide the FDD at whichever of these two events occurs first.
This New York-specific rule is more stringent than the general federal requirement, which mandates that the FDD be provided 14 calendar days before signing an agreement or making a payment. The New York law aims to ensure that potential franchisees have ample time to review the document before engaging in serious discussions or committing funds. This gives prospective franchisees in New York a greater opportunity to carefully consider the franchise offering and seek professional advice.
For a prospective Aira Fitness franchisee in New York, it is crucial to understand these deadlines. The franchisee should expect to receive the FDD well in advance of any meetings or financial commitments. If Aira Fitness fails to deliver the FDD within the stipulated timeframe or if the document contains false, misleading, or omits important information, it could constitute a violation of federal and state law. In such cases, the prospective franchisee is advised to report the violation to the Federal Trade Commission and the relevant state agencies listed in Exhibit A of the FDD.