Under what condition can Aira Fitness declare the assignment agreement null and void?
Aira_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
Notwithstanding the foregoing, Aira Fitness may, in its sole discretion and at any time prior to effectiveness of the assignment, declare this Agreement and the assignment contemplated hereunder null and void.
Source: Item 23 — **RECEIPTS (FDD pages 59–254)
What This Means (2025 FDD)
According to Aira Fitness's 2025 Franchise Disclosure Document, Aira Fitness has the discretion to nullify the assignment agreement. Specifically, Aira Fitness may, at any time before the assignment becomes effective, declare the agreement null and void. This clause appears in both the Membership Contract Assignment Agreement and the Telephone Number Assignment Agreement.
This provision grants Aira Fitness significant flexibility and control over the assignment process. It means that even after the franchisee has agreed to assign their rights (either for membership contracts or telephone numbers), Aira Fitness retains the right to cancel the agreement before it takes effect.
For a prospective franchisee, this highlights the importance of understanding the conditions under which Aira Fitness might exercise this cancellation right. While the FDD does not specify the reasons Aira Fitness might choose to cancel the agreement, it is essential to recognize that such a possibility exists. A franchisee should seek clarification from Aira Fitness regarding the circumstances that could lead to the cancellation of the assignment agreement to better assess the risks and potential implications for their business.