What form of Franchise Agreement must be executed for the applicable center at the approved site for an Aira Fitness franchise?
Aira_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
greement expire upon the expiration of this Agreement, as ("Development Schedule"). Time is of the essence of this Agreement. Each Aira Fitness center franchise | | AIRA FITNESS | | FRANCHISOR INITIALS | | | - 1 - | | | DEVELOPER INITIALS | | MUDA 2025 | | | | | | | | |
must be established and operated pursuant to a separate Franchise Agreement ("Franchise Agreement") to be entered into by you (or an entity owned by your Owners) and us. Each Franchise Agreement shall be in the form of Franchise Agreement being offered by us at the time you execute the Franchise Agreement, which may differ from the form of Franchise Agreement being offered by us on the date of execution of this Agreement, except that an addendum to the Franchise Agreement shall be entered into to incorporate terms of this Agreement relating to payments due under each Franchise Agreement. The terms and conditions of each such Franchise Agreement shall control the establishment and operation of such Aira Fitness Center.
- 1.3 Except as otherwise provided in this Agreement, and as long you are in compliance with the Development Schedule and otherwise in compliance with this Agreement, we shall not establish, nor license anyone other than Developer the right to establish any Aira Fitness Center in the Development Area prior to the expiration of the Development Schedule set forth in Exhibit B.
Source: Item 23 — **RECEIPTS (FDD pages 59–254)
What This Means (2025 FDD)
According to the 2025 Aira Fitness Franchise Disclosure Document, each Aira Fitness center must be established and operated under a separate Franchise Agreement. This agreement must be executed by the franchisee (or an entity owned by the franchisee's owners) and Aira Fitness. The Franchise Agreement will be in the form that Aira Fitness is offering at the time of execution, which may differ from the form offered on the date of the Multi-Unit Development Agreement.
An addendum to the Franchise Agreement will incorporate terms from the Development Agreement relating to payments due under each Franchise Agreement. The terms and conditions of each Franchise Agreement will govern the establishment and operation of the Aira Fitness Center.
Prior to executing the Franchise Agreement, the franchisee must provide written notice of their intention to begin development of the next Aira Fitness Center at least thirty days before the execution of the Franchise Agreement. They must also submit a description of the proposed site with a letter of intent or other satisfactory evidence confirming favorable prospects for obtaining the site. The franchisee must then execute the then-current form of the Franchise Agreement for the applicable center at the approved site and comply with its terms.