Is resale of developmental or option rights under the Aira Fitness Development Agreement permitted?
Aira_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
You must execute all additional documentation that we designate to give effect to the options described in this Section 15.B. We may assign our option rights to any person of our choice.
Source: Item 23 — **RECEIPTS (FDD pages 59–254)
What This Means (2025 FDD)
The 2025 Aira Fitness Franchise Disclosure Document does not explicitly address the resale of developmental or option rights under the Aira Fitness Development Agreement. While the document outlines the terms and conditions of the Development Agreement, including the grant of license, territorial rights, and obligations of both the franchisor and franchisee, it does not specify whether a franchisee is permitted to transfer or resell their developmental or option rights to a third party.
However, the FDD does state in Section 15.B that Aira Fitness may assign their option rights to any person of their choice. This clause indicates that the franchisor retains the flexibility to transfer its own rights, but it does not clarify whether the franchisee has a similar right to transfer their rights.
Therefore, a prospective Aira Fitness franchisee should seek clarification from the franchisor regarding the possibility of reselling or transferring developmental or option rights. Understanding the franchisor's policy on this matter is crucial for making informed decisions about the Development Agreement and future business plans.