What is the full name of the agreement that grants the right to develop multiple Aira Fitness centers?
Aira_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
EXHIBIT B TO THE MULTI-UNIT DEVELOPMENT AGREEMENT
DEVELOPMENT SCHEDULE
Developer is obligated under this Agreement to develop, open and operate a minimum of three (3) Aira Fitness centers. On or before the date set forth below, Developer is obligated by this Agreement to have signed Franchise Agreements, signed leases or purchase agreements, and commenced operating Aira Fitness Centers:
Source: Item 23 — **RECEIPTS (FDD pages 59–254)
What This Means (2025 FDD)
According to Aira Fitness's 2025 Franchise Disclosure Document, the agreement that grants the right to develop multiple Aira Fitness centers is called the "Multi-Unit Development Agreement." This agreement outlines the developer's obligations to develop, open, and operate a minimum of three Aira Fitness centers.
The Multi-Unit Development Agreement includes a development schedule that specifies the dates by which the franchisee must sign Franchise Agreements, sign leases or purchase agreements, and commence operating Aira Fitness Centers. Compliance with this development schedule is crucial, as the terms and conditions of the agreement are contingent upon it.
Each Aira Fitness Center developed under the Multi-Unit Development Agreement requires a separate Franchise Agreement, and the individual franchise fee must be paid for each location. These individual Franchise Agreements are independent of the Multi-Unit Development Agreement, meaning their continuation does not depend on the overarching development agreement. In case of any conflict between the Multi-Unit Development Agreement and any individual Franchise Agreement, the Franchise Agreement takes precedence.