In the Aira Fitness Franchising LLC Addendum for Indiana, what must the developer acknowledge regarding the addendum?
Aira_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
In witness whereof, each of the undersigned hereby acknowledges having read this Addendum and understands and agrees to be bound by all of its terms as of the dates below.
Source: Item 17 — **RENEWAL, TERMINATION,TRANSFER AND DISPUTE RESOLUTION THE FRANCHISE RELATIONSHIP (FDD pages 48–54)
What This Means (2025 FDD)
According to the 2025 Aira Fitness FDD, the developer must acknowledge having read the addendum and understand and agree to be bound by all of its terms as of the dates indicated. This acknowledgement is part of the Aira Fitness Franchising LLC Addendum to the Multi-Unit Development Agreement for the State of Indiana.
This requirement ensures that the developer is fully aware of and consents to the specific modifications and stipulations outlined in the addendum, which are designed to comply with Indiana state laws. By signing, the developer confirms their understanding and acceptance of these terms, which may include provisions that supersede the original agreement in certain areas.
For a prospective Aira Fitness developer in Indiana, this means carefully reviewing the addendum and understanding its implications before signing. It is advisable to seek legal counsel to fully comprehend the terms and ensure they align with their business objectives. This acknowledgement serves as a legally binding agreement, so it's crucial to be well-informed before proceeding.