Must a general release be executed in favor of Aira Fitness as a condition of assignment approval?
Aira_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
You, each Owner and each guarantor must execute all transfer documents that we require and in the form we designate, which documents will include a general release
of all claims arising out of or relating to this Agreement, your Aira Fitness Business or the parties' business relationship; provided, however, that the release will not be inconsistent with any state law regulating franchising.
Source: Item 23 — **RECEIPTS (FDD pages 59–254)
What This Means (2025 FDD)
According to Aira Fitness's 2025 Franchise Disclosure Document, a general release is required from the franchisee, each owner, and each guarantor as a condition of transfer approval. This release must be included in the transfer documents required by Aira Fitness and must be in the form designated by them. The release covers all claims arising out of or relating to the Franchise Agreement, the Aira Fitness Business, or the business relationship between the parties. However, the release will not be inconsistent with any state law regulating franchising.
In practical terms, this means that if a franchisee wants to sell their Aira Fitness franchise, they, along with any owners and guarantors, must sign a document releasing Aira Fitness from any potential legal claims. This is a standard practice in franchising, designed to protect the franchisor from future liabilities related to the transferred business.
Prospective franchisees should carefully review the specific language of the general release to understand the full scope of claims being waived. It is advisable to consult with an attorney to ensure they are fully aware of their rights and obligations before signing any such release. The FDD specifies that the release will not override state laws regulating franchising, offering some protection to the franchisee.