What release must Aira Fitness franchisees and their owners/guarantors execute as a condition of renewal?
Aira_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
- (vii) you and your Owners and guarantors execute a general release in a form we prescribe in favor of us and our affiliates and each company's respective present and former officers, directors, managers, and employees; provided, however, that such release will not be inconsistent with any state law regulating franchising.
Source: Item 23 — **RECEIPTS (FDD pages 59–254)
What This Means (2025 FDD)
According to Aira Fitness's 2025 Franchise Disclosure Document, as a condition of renewal, franchisees, 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.
This general release essentially means that the franchisee agrees to waive any existing or future claims against Aira Fitness and related parties as part of the renewal process. However, the FDD stipulates that this release will not be inconsistent with any state law regulating franchising, which may provide some protection to the franchisee depending on the specific state laws.
This requirement is fairly standard in franchising, as it provides the franchisor with legal protection and ensures a clean slate moving forward with the renewed franchise agreement. Franchisees should carefully review the terms of the release and understand its implications before signing, and they may want to consult with an attorney to ensure their rights are protected under applicable state laws.