In the franchise agreement, what information is to be inserted for the Franchisee section when establishing an Aira Fitness franchise?
Aira_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
| ("Com | Agreement is by and between Aira Fitness Franchising, LLC ("Franchisee") to amend said Agreement as follows: | |
|---|---|---|
| 1. | Section 2 of the Franchise Agreemen | it is amended by the addition of the following: |
| to defer payment of the initial franc | hission's Division of Securities and Retail Franchising requires us thise fee and other initial payments owned by franchisees to the impleted its pre-opening obligations under the franchise agreement. | |
| state fr | nmencement of the franchise relationsh | wledgement signed or agreed to by a franchisee in connection with ip shall have the effect of (i) waiving any claims under any applicable ucement, or (ii) disclaiming any reliance on any statement made by on acting on behalf of the franchisor. This provision supersedes any nection with the franchise. |
| any fra | anchise law, including fraud in the ind | |
| 3. accord | Except as expressly modified hereby ance with its terms. | , the Franchise Agreement shall remain in full force and effect in |
| counte | IN WITNESS WHEREOF the participarts on the date below the signature | es hereto have executed, sealed and delivered this Agreement in s. |
| FITNESS FRANCHISING, an Illinois limited liability | FRANCHISEE: | |
| compa | • | [Insert individual name or company] |
| Ву: | By: | |
| Its: | Its: |
Source: Item 17 — **RENEWAL, TERMINATION,TRANSFER AND DISPUTE RESOLUTION THE FRANCHISE RELATIONSHIP (FDD pages 48–54)
What This Means (2025 FDD)
According to the 2025 Aira Fitness Franchise Disclosure Document, when establishing a franchise, the information to be inserted for the Franchisee section in the franchise agreement includes the individual's name or company name. Additionally, there are fields for "By:" and "Its:" which would require a signature and the title of the person signing on behalf of the franchisee, respectively.
It's important to note that this information is part of an addendum to the franchise agreement, which may be specific to certain states. For example, the excerpts include addenda for Illinois, New York, Indiana, Rhode Island, and Wisconsin, each addressing specific legal considerations within those states. These addenda often modify or supersede certain provisions of the standard franchise agreement to comply with local laws.
Prospective Aira Fitness franchisees should carefully review the franchise agreement and any state-specific addenda with legal counsel to ensure they understand their rights and obligations. The requirement to insert the franchisee's name or company, along with the signature and title, is a standard practice in franchising to clearly identify the parties entering into the agreement. The state-specific addenda highlight the importance of understanding how franchise laws can vary significantly from one state to another.