What section of the Aira Fitness Franchise Agreement discusses renewal or extension?
Aira_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
chisee) to amend said Agreement as follows:
- Section 4.B. of the Franchise Agreement on "Renewal Term and Conditions of Renewal" and Section 12.C. of the Franchise Agreement on "Conditions of Transfer" are amended by the addition of the following language to the original language that appears therein:
"The execution of a general release upon renewal, assignment or termination shall be inapplicable to franchises operating under the North Dakota Franchise Investment Law."
- Section 11.D.3. of the Franchise Agreement on "Non-Compete Covenants – After Termination" is amended by the addition of the following language to the original language that appears therein:
"Covenants not to compete such as those mentioned above are generally unenforceable in the State of North Dakota."
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- Section 13.A. of the Franchise Agreement on "Arbitration; Mediation" is revised as follows:
- "Arbitration shall take place in the Chicago metropolitan area at a location agreeable to all parties."
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- Section 13.C. of the Franchise Agreement on "Governing Law/Consent to Jurisdiction" is deleted in its entirety.
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Source: Item 17 — **RENEWAL, TERMINATION,TRANSFER AND DISPUTE RESOLUTION THE FRANCHISE RELATIONSHIP (FDD pages 48–54)
What This Means (2025 FDD)
According to the 2025 Aira Fitness Franchise Disclosure Document, Item 17 generally discusses renewal, termination, transfer, and dispute resolution. Specifically, an addendum to the franchise agreement for the state of North Dakota mentions that Section 4.B. of the Franchise Agreement addresses "Renewal Term and Conditions of Renewal".
Additionally, an addendum to the Franchise Agreement for the state of New York states that Paragraph 4(B) of the Franchise Agreement addresses renewal. This indicates that the renewal terms are likely detailed within these sections of the Aira Fitness franchise agreement.
Prospective franchisees should carefully review Section 4.B. and Paragraph 4(B) of the Franchise Agreement, along with Item 17 of the FDD, to fully understand the conditions and requirements for renewing their Aira Fitness franchise. Understanding these terms is crucial for planning the long-term operation of the franchise and making informed business decisions.