In the Aira Fitness franchise agreement, what information is required to be inserted for the Developer's signature?
Aira_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
ELOPMENT AGREEMENT FOR THE STATE OF INDIANA
| This Addendum is to Multi-Unit Developmen LLC and | t Agreement dated, 20between Aira Fitness Franchising _(Franchisee) to amend said Agreement as follows: | ||
|---|---|---|---|
| , Chapter 2.5, Sections 1 through 51 of the Indiana Code, supersedes greement if such provisions are in conflict with that law. | |||
| No statement, questionnaire or acknowledgement signed or agreed to by a franchisee in connection with the commencement of the franchise relationship shall have the effect of: (i) waiving any claims under any applicable state franchise law, including fraud in the inducement, or (ii) disclaiming reliance on behalf of the Franchisor. This provision supersedes any other term of any document executed in connection with the franchise | hereby acknowledges having read this Addendum, understands and consents it shall become as of the date below each signature. |
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 addendum to the Multi-Unit Development Agreement requires specific information to be inserted for the Developer's signature. The agreement requires the individual's name or company name to be inserted. Additionally, the title and date must be included.
This requirement ensures that the agreement is legally binding and that all parties involved are clearly identified. By including the developer's name, title, and date of signature, the document establishes a clear record of who is entering into the agreement and when they agreed to its terms. This level of detail is standard in franchise agreements to avoid any ambiguity or disputes in the future.
Prospective Aira Fitness developers should ensure that all required information is accurately and completely filled out before signing the agreement. Failure to do so could potentially lead to legal complications or delays in the development process. It is also advisable to seek legal counsel to review the agreement and ensure full understanding of all terms and conditions before signing.