Does Aira Fitness or related parties have any pending actions, other than routine litigation, that are significant to the franchise system's size or financial condition?
Aira_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
ORTH IN THIS FRANCHISE DISCLOSURE DOCUMENT.
- The following is added at the end of Item 3:
Except as provided above, with regard to the franchisor, its predecessor, a person identified in Item 2, or an affiliate offering franchises under the franchisor's principal trademark:
- (a) No such party has an administrative, criminal or civil action pending against that person alleging: a felony, a violation of a franchise, antitrust, or securities law, fraud, embezzlement, fraudulent conversion, misappropriation of property, unfair or decept
Source: Item 17 — **RENEWAL, TERMINATION,TRANSFER AND DISPUTE RESOLUTION THE FRANCHISE RELATIONSHIP (FDD pages 48–54)
What This Means (2025 FDD)
According to Aira Fitness's 2025 Franchise Disclosure Document, Item 17 includes an addendum that addresses pending actions. Specifically, it states that no party (including the franchisor, its predecessors, individuals identified in Item 2, or affiliates offering franchises under the Aira Fitness trademark) has pending actions, other than routine litigation incidental to the business, which are significant in the context of the number of franchisees and the size, nature, or financial condition of the franchise system or its business operations.
This statement assures potential Aira Fitness franchisees that there are no significant lawsuits or legal actions that could negatively impact the franchise system's stability or financial health. The disclosure covers a range of individuals and entities associated with the franchise, providing a comprehensive overview of potential legal risks.
It is important to note that this disclosure only pertains to pending actions that are considered 'significant' in relation to the franchise system's size and financial condition. Routine litigation, which is typical for most businesses, is excluded from this disclosure. Prospective franchisees should consider this information as part of their due diligence, but also recognize that the absence of reported significant litigation does not guarantee future legal stability.