In the Aira Fitness franchise agreement, what does the term 'you' refer to when the franchisee is multiple people?
Aira_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
In consideration of the foregoing and the mutual covenants and consideration below, you and we agree as follows:
DEFINITIONS
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- For purposes of this Agreement:
- A. "Owner" means any person who directly or indirectly owns an interest in the franchisee.
- B. All capitalized terms not defined in this Section or the Recitals have the meaning given in the text of this Agreement.
2. GRANT OF LICENSE
A. Grant of License. We hereby grant you the right and license, and you undertake the obligation, subject to the terms and conditions of this Agreement (i) to operate a single Aira Fitness Business, (ii) to sell at retail authorized products and services at and from the Aira Fitness Business premises, (iii) to use the Marks in connection with operating and promoting the Aira Fitness Business, and (iv) the right to solicit memberships for the Aira Fitness Business. Whether your Aira Fitness Business will be operated from a Fitness Center or a Pod is identified in the Summary Pages.
Source: Item 23 — **RECEIPTS (FDD pages 59–254)
What This Means (2025 FDD)
According to the 2025 Aira Fitness Franchise Disclosure Document, when the franchise agreement involves multiple franchisees, the term 'you' collectively refers to all individuals or entities that constitute the franchisee. This means that all obligations, responsibilities, and rights outlined in the agreement apply to each franchisee involved.
This has significant implications for prospective Aira Fitness franchisees entering into a partnership or multi-party agreement. Each party is equally responsible for fulfilling the terms of the franchise agreement. This includes financial obligations, operational standards, and adherence to Aira Fitness's brand guidelines.
Furthermore, the FDD includes attachments such as the Personal Guarantee, which requires each individual to be personally bound by the terms of the Franchise Agreement. This underscores the importance of each franchisee understanding their obligations and potential liabilities. Prospective franchisees should carefully consider the ramifications of entering into a franchise agreement with multiple parties and seek legal counsel to fully understand their rights and responsibilities.