Under what circumstances related to the dissolution or death of Aira Fitness Developer's owners can the agreement be terminated?

According to Aira Fitness's 2025 Franchise Disclosure Document, the Multi-Unit Development Agreement can be terminated under specific circumstances related to the dissolution or death of the Developer's owners. Specifically, the agreement can be terminated upon the dissolution of the entity that is the Developer or upon the death of one or more of the Developer's owners. This provision is part of a broader section outlining various events that can trigger termination of the agreement.

This means that if the business entity that holds the Aira Fitness development rights dissolves, or if one or more of the owners of that entity die, Aira Fitness has the right to terminate the agreement. This clause protects Aira Fitness from uncertainty in the event of significant changes to the ownership or structure of the development entity.

For a prospective franchisee, this highlights the importance of succession planning and ensuring the business is structured to handle potential disruptions caused by death or dissolution. It may be prudent to discuss with Aira Fitness what steps can be taken to mitigate the risk of termination in such events, such as having clear succession plans or key-person insurance in place. Understanding these termination conditions is crucial for any potential Aira Fitness developer to safeguard their investment and development rights.