As an Aira Fitness franchisee, am I required to authorize third parties to release information about my Aira Fitness Business to AIRA Fitness Franchising LLC?
Aira_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
Attachment B to the Franchise Agreement INFORMATION RELEASE CONSENT
The undersigned entered into a Franchise Agreement for the operation of an Aira Fitness Business under a license from AIRA Fitness Franchising LLC. In connection with the Franchise Agreement, I authorize AIRA Fitness Franchising LLC. to discuss with and obtain information from the third party providers for any Aira Fitness Business owned or guaranteed by my Owners (directly or indirectly), including: (1) the landlord of the Aira Fitness Business, (2) any lender providing financing for the Aira Fitness Business or that holds any security interest in any of the assets of the Aira Fitness Business or in the Franchisee (if a corporate entity), and (3) any other vendor orsupplier for the Aira Fitness Business. I authorize such persons to provide information regarding the Aira Fitness Business to AIRA Fitness Franchising LLC.
Source: Item 23 — **RECEIPTS (FDD pages 59–254)
What This Means (2025 FDD)
According to the 2025 Aira Fitness Franchise Disclosure Document, as an Aira Fitness franchisee, you are required to authorize third parties to release information about your Aira Fitness business to AIRA Fitness Franchising LLC. As part of the Franchise Agreement, you must sign "Attachment B to the Franchise Agreement INFORMATION RELEASE CONSENT".
This consent authorizes Aira Fitness Franchising LLC to discuss and obtain information from third-party providers associated with your Aira Fitness business. These third parties include the landlord of your Aira Fitness Business, any lender providing financing for the Aira Fitness Business or holding a security interest in its assets or the franchisee, and any other vendor or supplier for the Aira Fitness Business. The consent allows these parties to provide information about your Aira Fitness Business to Aira Fitness Franchising LLC.
This requirement ensures that Aira Fitness Franchising LLC can monitor the financial health and operational status of your franchise. It allows them to assess risks, ensure compliance with the franchise agreement, and potentially provide support or intervention if needed. As a prospective franchisee, you should understand that this consent is a standard part of the agreement and is intended to protect the interests of both the franchisee and the franchisor.