What information must be included on the receipt acknowledging the AIRA Fitness Franchise Disclosure Document?
Aira_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
This disclosure document summarizes certain provisions of the franchise agreement and other information in plain English. Read this disclosure document and all agreements carefully.
If AIRA Fitness Franchising LLC offers you a franchise, it must provide this disclosure document to you 14 calendar-days before you sign a binding agreement with, or make a payment to, the franchisor or an affiliate in connection with the proposed franchise sale (or sooner if required by state law). New York requires that we give you this disclosure document at the earlier of the first personal meeting or 10 business days before the execution of the franchise or other agreement or the payment of any consideration that relates to the franchise relationship. Michigan requires that we give you this disclosure document at least 10 business days before the execution of any binding franchise or other agreement or the payment of any consideration, whichever occurs first.
If AIRA Fitness Franchising LLC does not deliver this disclosure document on time or if it contains a false or misleading statement, or a material omission, a violation of federal law and state law may have occurred and should be reported to the Federal Trade Commission, Washington, D.C. 20580 and the state agencies listed in Exhibit A to this disclosure document.
Source: Item 23 — **RECEIPTS (FDD pages 59–254)
What This Means (2025 FDD)
According to Aira Fitness's 2025 Franchise Disclosure Document, the receipt for the Franchise Disclosure Document (FDD) must include a statement summarizing certain provisions of the franchise agreement and other information in plain English. It should advise the recipient to read the disclosure document and all agreements carefully. The receipt also confirms that Aira Fitness must provide the FDD to the prospective franchisee 14 calendar days before signing a binding agreement or making a payment. Some states, like New York and Michigan, have specific timelines that may require earlier disclosure.
The receipt also informs the prospective franchisee of their rights and recourse if Aira Fitness does not deliver the disclosure document on time, or if it contains false, misleading, or omits material information. In such cases, a violation of federal and state law may have occurred, which should be reported to the Federal Trade Commission in Washington, D.C., and the state agencies listed in Exhibit A of the FDD.
These receipts serve as evidence that Aira Fitness has met its legal obligations regarding disclosure, and that the franchisee has been informed of their rights and responsibilities. This is a standard practice in franchising, ensuring transparency and protecting both parties in the franchise relationship.