Who is responsible for complying with franchise registration and disclosure laws in connection with a proposed assignment or transfer of the Aira Fitness Development Agreement?
Aira_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
i, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Rhode Island, South Dakota, Virginia, Washington, and Wisconsin.
This document is effective and may be used in the following states, where the document is filed, registered or exempt from registration, as of the Effective Date stated below:
| State | Effective Date |
|---|---|
| Hawaii | Pending |
| Illinois | Pending |
| Indiana | Pending |
| Michigan | Pending |
| North Dakota | Pending |
| Rhode Island | Pending |
| South Dakota | Pending |
| Virginia | Pending |
| Wisconsin | Pending |
Other states may require registration, filing, or exemption of a franchise under other laws, such as those that regulate the offer and sale of business opportunities or seller-assisted marketing plans.
COPY FOR AIRA FITNESS FRANCHISING LLC Exhibit M RECEIPT
This disclosure document summarizes certain provisions of the franchise agreement and other information in plain English. Read this disclosure document and all agreements carefully.
If AIRA Fitness Franchising LLC offers you a franchise, it must provide this disclosure document to you 14 calendar-days before you sign a binding agreement with, or make a payment to, the franchisor or an affiliate in connection with the proposed franchise sale (or sooner if required by state law). New York requires that we give you this disclosure document at the earlier of the first personal meeting or 10 business days before the execution of the franchise or other agreement or the payment of any consideration that relates to the franchise relationship. Michigan requires that we give you this disclosure document at least 10 business days before the execution of any binding franchise or other agreement or the payment of any consideration, whichever occurs first.
Source: Item 23 — **RECEIPTS (FDD pages 59–254)
What This Means (2025 FDD)
Based on the 2025 Aira Fitness Franchise Disclosure Document, the document does not explicitly state who is responsible for complying with franchise registration and disclosure laws during the assignment or transfer of the Aira Fitness Development Agreement. However, the FDD does state that other states may require registration, filing, or exemption of a franchise under other laws, such as those that regulate the offer and sale of business opportunities or seller-assisted marketing plans. Also, the franchisee must execute all transfer documents that Aira Fitness requires.
Item 23 includes information regarding receipts and copies for both Aira Fitness and the franchisee, stating that the disclosure document summarizes certain provisions of the franchise agreement and other information. It also states that if Aira Fitness Franchising LLC offers a franchise, it must provide the disclosure document to the franchisee 14 calendar days before signing a binding agreement or making a payment.
To fully understand the obligations regarding franchise registration and disclosure laws during assignment or transfer, a prospective Aira Fitness franchisee should seek clarification from the franchisor. Specifically, they should ask Aira Fitness to detail the exact procedures, responsibilities, and potential costs associated with complying with these laws when transferring their franchise to another party.