Does the Aira Fitness franchise agreement allow for renewal or extension of the franchise term?
Aira_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
Section 4.B. of the Franchise Agreement on "Renewal Term and Conditions of Renewal" and Section 12.C. of the Franchise Agreement on "Conditions of Transfer" are amended by the addition of the following language to the original language that appears therein:
"The execution of a general release upon renewal, assignment or termination shall be inapplicable to franchises operating under the North Dakota Franchise Investment Law."
Source: Item 17 — **RENEWAL, TERMINATION,TRANSFER AND DISPUTE RESOLUTION THE FRANCHISE RELATIONSHIP (FDD pages 48–54)
What This Means (2025 FDD)
Based on the 2025 Aira Fitness Franchise Disclosure Document addenda, the franchise agreement does address renewal terms. Specifically, the addendum to the franchise agreement for the state of North Dakota mentions Section 4.B of the franchise agreement, which pertains to "Renewal Term and Conditions of Renewal." Similarly, the addendum for the state of New York references Paragraph 4(B) of the franchise agreement on Renewal. These references indicate that the Aira Fitness franchise agreement does contain provisions for renewal terms and conditions.
However, the provided excerpts do not detail the specific requirements or conditions for renewal. The addenda primarily focus on amending certain clauses of the franchise agreement in compliance with state laws, such as those in North Dakota, Virginia, Indiana, and New York. These amendments often relate to waivers, governing law, and non-compete covenants, ensuring that the franchise agreement adheres to local regulations and protects the franchisee's rights under those laws.
Prospective Aira Fitness franchisees should carefully review Section 4.B or Paragraph 4(B) of the franchise agreement, along with any related addenda, to fully understand the terms and conditions for renewal. It is essential to clarify the length of the renewal term, any associated fees, performance criteria, and other obligations that must be met to qualify for renewal. Franchisees should also consult with a legal professional to ensure they fully understand their rights and obligations regarding franchise renewal in their specific state.