Who are the parties involved in executing the amendment to the Aira Fitness franchise agreement?
Aira_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
| This | addendum to the Franchise Agreen | nent is by and between Aira Fitness Franchising LLC (Company) and (Franchisee) to amend said Agreement as follows: |
|---|---|---|
| belov | IN WITNESS WHEREOF the part we each signature. | ies hereto have executed, sealed and delivered this Agreement as of the date |
| A FITNESS FRANCHISING, , an Illinois limited liability | FRANCHISEE: | |
| comp | • | [Insert individual name or company] |
| By:_ | By: | |
| Its: _ | Its: |
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 Franchise Disclosure Document, the addendum to the franchise agreement is executed by Aira Fitness Franchising, LLC, and the franchisee. This indicates that both the franchisor and the franchisee must agree to and sign the addendum for it to become effective. The addendum serves to modify specific sections of the original franchise agreement.
Several addenda included in the FDD relate to specific state laws, such as those for North Dakota and New York. These addenda address issues like waivers of claims, non-compete covenants, and governing law, ensuring that the franchise agreement complies with local regulations. For example, the North Dakota addendum clarifies that general releases upon renewal or termination do not apply to franchises operating under North Dakota law, and that non-compete covenants are generally unenforceable in that state.
Prospective franchisees should pay close attention to any addenda that apply to their specific state, as these can significantly alter the terms of the original franchise agreement. It is also important for franchisees to understand their rights and obligations under both the franchise agreement and any applicable state laws. Consulting with a franchise attorney is advisable to ensure full comprehension of these documents and their implications.