What must an Aira Fitness franchisee return to the franchisor upon termination of the Franchise Agreement?
Aira_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
In the event of expiration or termination of the Franchise Agreement, and in order to secure continuity and stability of the operation of the Aira Fitness Business, Franchisee hereby sells, assigns, transfers and conveys to the Aira Fitness all of its rights, title and interest in and to all telephone numbers, telephone listings and telephone directory advertisements used in connection with the operation of the Aira Fitness Business; provided, however, such Assignment will not be effective unless and until the Franchise Agreement has expired or is terminated in accordance with the provisions thereof and Aira Fitness has delivered to Franchisee written notice of acceptance of the assignment. In the event of such assignment, Aira Fitness assumes no liability for monies owed or other liabilities relating to the telephone numbers, telephone listings, and telephone directory advertisements that have accrued prior to the effective date of the assignment.
Franchisee hereby grants to Aira Fitness an irrevocable power of attorney and appoint Aira Fitness as your attorney-in-fact to take any necessary actions to assign the telephone numbers, including but not limited to, executing any forms that the telephone companies may require to effectuate the assignment. This assignment is also for the benefit of the telephone companies, and Franchisee agrees that the telephone companies may accept this assignment and Aira Fitness's instructions as conclusive evidence of its rights in the telephone numbers and our authority to direct the amendment, termination or transfer of the telephone numbers, as if they had originally been issued to Aira Fitness. In addition, Franchisee agrees to hold the telephone companies harmless from any and all claims against them arising out of any actions or instructions by Aira Fitness regarding the assignment contemplated in this Assignment.
Source: Item 14 — **PATENTS, COPYRIGHTS AND PROPRIETARY INFORMATION (FDD pages 46–47)
What This Means (2025 FDD)
According to the 2025 Aira Fitness Franchise Disclosure Document, upon the expiration or termination of the Franchise Agreement, the franchisee must sell, assign, transfer, and convey to Aira Fitness all rights, title, and interest in all telephone numbers, telephone listings, and telephone directory advertisements used in connection with the operation of the Aira Fitness Business. This transfer is intended to ensure continuity and stability of the Aira Fitness Business operation. However, this assignment becomes effective only after the Franchise Agreement has expired or is terminated according to its provisions, and Aira Fitness has provided written notice of acceptance of the assignment to the franchisee.
In the event of such assignment, Aira Fitness does not assume any liability for monies owed or other liabilities related to the telephone numbers, telephone listings, and telephone directory advertisements that accrued before the assignment's effective date. The franchisee also grants Aira Fitness an irrevocable power of attorney, appointing Aira Fitness as their attorney-in-fact to take any necessary actions to assign the telephone numbers. This includes executing any forms required by telephone companies to effectuate the assignment.
This assignment benefits the telephone companies, and the franchisee agrees that the telephone companies may accept this assignment and Aira Fitness's instructions as conclusive evidence of its rights in the telephone numbers and Aira Fitness's authority to direct the amendment, termination, or transfer of the telephone numbers, as if they had originally been issued to Aira Fitness. Additionally, the franchisee agrees to hold the telephone companies harmless from any and all claims against them arising out of any actions or instructions by Aira Fitness regarding the assignment.