In the Purchase Agreement for the Pod Package for an Aira Fitness franchise, what is the location referred to as?
Aira_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
| THIS PURCHASE AGREEMENT (the "Agreement") is made on the day of, | |
|---|---|
| 20, (the "Effective Date") by and between Pure Gym Equipment, LLC, an Illinois limited liability | |
| company | a |
| ("Franchisor's | |
| Affiliate") | |
| and | |
| , | |
| , (hereinafter called "You" or "Franchisee") for the purchase of the Pod | |
| Package for | |
| Franchisee's Aira Fitness franchise business | |
| located at | |
| ("Business Premises"). |
Source: Item 23 — **RECEIPTS (FDD pages 59–254)
What This Means (2025 FDD)
According to Aira Fitness's 2025 Franchise Disclosure Document, the location for the Aira Fitness franchise business in the Pod Package Purchase Agreement is referred to as the "Business Premises". This is according to Item 23, Receipts, in the document.
For a prospective franchisee, this means that the physical location where the Aira Fitness franchise will operate is legally designated as the "Business Premises" within the Purchase Agreement. This term will likely be used throughout the agreement to refer to the specific site where the franchisee will conduct business.
It is important for the franchisee to understand the implications of this designation, as it may relate to issues such as permitted use, compliance with local regulations, and any restrictions on the operation of the business at that location. The franchisee should carefully review the Purchase Agreement and any related documents to fully understand their rights and obligations with respect to the Business Premises.