What documents must an Aira Fitness franchisee, owner, and guarantor execute as part of a franchise transfer?
Aira_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
e obligated to guarantee the performance under this Agreement until the final close of the installment sale or the termination of such interest, as the case may be.
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- Consent to Transfer; General Release. You, each Owner and each guarantor must execute all transfer documents that we require and in the form we designate, which documents will include a general release
of all claims arising out of or relating to this Agreement, your Aira Fitness Business or the parties' business relationship; provided, however, that the release will not be inconsistent with any state law regulating franchising.
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- Training. The transferee must, at your or the transferee's expense, comply with the training requirements of Section 7.B.
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- Financial Reports and Data.
Source: Item 23 — **RECEIPTS (FDD pages 59–254)
What This Means (2025 FDD)
According to Aira Fitness's 2025 Franchise Disclosure Document, as part of a franchise transfer, the franchisee, each owner, and each guarantor must execute all transfer documents that Aira Fitness requires. These documents will be in a form designated by Aira Fitness and will include a general release of all claims arising out of or relating to the Franchise Agreement, the Aira Fitness business, or the parties' business relationship. However, the release will not be inconsistent with any state law regulating franchising.
This requirement ensures that Aira Fitness can sever ties cleanly with the outgoing franchisee and associated parties, preventing future legal claims related to the franchise. The general release protects Aira Fitness from potential liabilities or disputes that might arise from the previous franchisee's operation of the business. The provision that the release will not be inconsistent with any state law regulating franchising acknowledges that state laws may impose restrictions on the scope and enforceability of such releases.
In addition to the transfer documents and general release, if the proposed transfer results in a change of control of the franchisee, the transferee must execute Aira Fitness's then-current form of franchise agreement. Each of the transferee's owners must also execute Aira Fitness's then-current form of personal guaranty and undertaking. This ensures that the new controlling parties are fully bound by the current terms and conditions of the Aira Fitness franchise system.
Prospective franchisees should carefully review the specific transfer documents required by Aira Fitness, as well as the terms of the general release and personal guaranty, to fully understand their obligations and potential liabilities in the event of a franchise transfer. It is advisable to seek legal counsel to ensure compliance with all applicable state laws and to protect their interests during the transfer process.