What is the Aira Fitness franchisee's obligation regarding acceptance of the equipment upon exercising the purchase option?
Aira_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
DELIVERY RECEIPT:
FRANCHISEE HEREBY CONFIRMS: (i) RECEIPT OF THE PURCHASED EQUIPMENT, (ii) THAT FRANCHISEE HAS HAD THE OPPORTUNITY TO INSPECT THE CONDITION OF THE PURCHASED EQUIPMENT, AND (iii) FRANCHISEE ACCEPTS THE CONDITION OF THE EQUIPMENT AS DELIVERED ON:
Source: Item 23 — **RECEIPTS (FDD pages 59–254)
What This Means (2025 FDD)
According to Aira Fitness's 2025 Franchise Disclosure Document, when a franchisee purchases equipment from Aira Fitness's affiliate, they confirm receipt of the purchased equipment and have the opportunity to inspect its condition. By signing the delivery receipt, the franchisee accepts the equipment's condition as delivered.
This agreement ensures that the franchisee acknowledges the receipt and condition of the equipment at the time of delivery. It protects Aira Fitness and its affiliate by confirming that the franchisee has inspected and accepted the equipment, potentially reducing future disputes about the equipment's condition upon arrival.
Prospective Aira Fitness franchisees should carefully inspect all purchased equipment upon delivery and note any discrepancies or damages before signing the delivery receipt. Documenting any issues at the time of delivery is crucial for addressing potential problems later.