Where can I find the acknowledgments of receipt within the Aira Fitness Disclosure Document?
Aira_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
[Item 23: **RECEIPTS]
COPY FOR YOU Exhibit M RECEIPT
This disclosure document summarizes certain provisions of the franchise agreement and other information in plain English. Read this disclosure document and all agreements carefully.
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. Michigan requires that we give you this disclosure document at least 10 business days before the execution of any binding franchise or other agreement or the payment of any consideration, whichever occurs first.
If AIRA Fitness Franchising LLC does not deliver this disclosure document on time or if it contains a false or misleading statement, or a material omission, a violation of federal law and state law may have occurred and should be reported to the Federal Trade Commission, Washington, D.C. 20580 and the state agencies listed in Exhibit A to this disclosure document.
Source: Item 23 — **RECEIPTS (FDD pages 59–254)
What This Means (2025 FDD)
Based on the 2025 Aira Fitness Franchise Disclosure Document, Exhibit M is where the receipt is located. This receipt serves as an acknowledgment that the franchisee has received the FDD.
The FDD emphasizes the importance of carefully reading the disclosure document and all related agreements. It highlights the legal requirements for providing the FDD to prospective franchisees, specifying that Aira Fitness must provide the disclosure document at least 14 calendar days before any binding agreement is signed or any payment is made. Specific to New York, the FDD must be provided at the earlier of the first personal meeting or 10 business days before the execution of the franchise agreement or payment of any consideration. Michigan requires the FDD to be given at least 10 business days before signing any agreement or making any payment, whichever comes first.
The FDD also advises potential franchisees of their rights if the document is not delivered on time or contains false or misleading information. In such cases, a violation of federal and state law may have occurred, which should be reported to the Federal Trade Commission and the relevant state agencies listed in Exhibit A of the disclosure document. This ensures that franchisees are aware of their legal protections and the steps they can take if they encounter any issues with the disclosure process.