What release is required from the Aira Fitness franchisee and owners upon assignment or transfer?
Aira_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
Consent to Transfer; General Release.
You, each Owner and each guarantor must execute all transfer documents that we require and in the form we designate, which documents will include a general release
of all claims arising out of or relating to this Agreement, your Aira Fitness Business or the parties' business relationship; provided, however, that the 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 consent to any proposed transfer, the franchisee, each owner, and each guarantor must execute all transfer documents that Aira Fitness requires. These documents must include a general release of all claims arising out of or relating to the Franchise Agreement, the Aira Fitness business, or the parties' business relationship. However, this release will not be inconsistent with any state law regulating franchising.
This means that if a franchisee decides to sell their Aira Fitness franchise, they, along with any owners and guarantors, must sign a release that essentially absolves Aira Fitness of any past, present, or future claims related to the franchise agreement or the business. This is a standard practice in franchising to ensure a clean break between the franchisor and the outgoing franchisee.
However, the FDD also notes an important caveat: the release must not violate any state laws regulating franchising. Franchise laws vary by state, and some states may have specific provisions that protect franchisees during a transfer. A prospective franchisee should consult with a franchise attorney to understand their rights and obligations regarding the general release, ensuring compliance with local regulations and protecting their interests during the transfer process.