What release must be executed to renew an Aira Fitness franchise agreement?

According to Aira Fitness's 2025 Franchise Disclosure Document, to renew a franchise agreement, a franchisee, their owners, and guarantors must execute a general release in favor of Aira Fitness, its affiliates, and their respective present and former officers, directors, managers, and employees. This release must be in a form prescribed by Aira Fitness. However, the FDD specifies that this release will not be inconsistent with any state law regulating franchising.

This requirement means that as part of the renewal process, franchisees must waive any existing or potential claims against Aira Fitness, which could include disputes over operational issues, financial matters, or other aspects of the franchise agreement. The release ensures that Aira Fitness is protected from future litigation or liabilities arising from the franchisee's operation.

However, the clause stating that the release will not be inconsistent with state law regulating franchising provides some protection to the franchisee. This suggests that if state laws offer franchisees certain rights or protections that cannot be waived, those rights would still apply despite the general release. Franchisees should consult with a legal professional to understand the full implications of signing such a release and to ensure compliance with state laws.

In addition to the general release, the franchisee must meet several other conditions to renew their Aira Fitness franchise agreement, including providing written notice of their decision to renew within a specified timeframe, complying with modernization requirements, not being in default of any agreements, renewing the lease for the business premises, complying with training requirements, and paying a renewal fee of $2,000.00.