In the Aira Fitness franchise agreement, what information is required to be inserted for the 'Developer' section?
Aira_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
| This ac | • | Agreement is by and between Aira Fitness Franchising LLC (Company) and (Franchisee) to amend said Agreement as follows: |
|---|---|---|
| 1. | Section 2 of the Multi-Unit Developm | ent Agreement on "Fees" is amended by the addition of the following: |
| Notwithstanding the language in Secti Aira Fitness franchises is open for l | on 2, payment of the development fee is deferred until each of Developer's business. | |
| Except as expressly modified hereby, thordance with its terms. | ne Multi-Unit Development Agreement shall remain in full force and effect | |
| franch | encement of the franchise relationship ise law, including fraud in the inducem | owledgement signed or agreed to by a franchisee in connection with the shall have the effect of: (i) waiving any claims under any applicable state tent, or (ii) disclaiming reliance on behalf of the Franchisor. This provision at executed in connection with the franchise. |
| below | IN WITNESS WHEREOF the partie each signature. | s hereto have executed, sealed and delivered this Agreement as of the date |
| FITNESS FRANCHISING, an Illinois limited liability any | DEVELOPER: [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 Aira Fitness's 2025 Franchise Disclosure Document, the Multi-Unit Development Agreement requires the insertion of either an individual's name or a company name in the 'Developer' section. This section appears on the signature page of the agreement.
This means that if you are signing the agreement as an individual, your name would be inserted in the 'Developer' section. Alternatively, if you are forming a company to operate the Aira Fitness franchises, the company's name would be inserted instead. This ensures that the agreement clearly identifies the party entering into the multi-unit development agreement with Aira Fitness Franchising, LLC.
It is important for prospective Aira Fitness franchisees to understand this requirement, as it ensures clarity and legal accuracy in the agreement. Whether you choose to sign as an individual or through a company may have implications for liability and tax purposes, so consulting with legal and financial advisors is recommended.