Under the Aira Fitness franchise agreement, is the franchisee permitted to create any liens on the equipment?
Aira_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
You agree not use any Mark in signing any contract, lease, mortgage, check, purchase agreement, negotiable instrument, application for any license or permit, or any other legal obligation, or in any manner that may result in liability to us for any indebtedness or obligation of yours.
Source: Item 23 — **RECEIPTS (FDD pages 59–254)
What This Means (2025 FDD)
According to the 2025 Aira Fitness Franchise Disclosure Document, franchisees are restricted from using any trademark in a manner that could create liability for Aira Fitness regarding the franchisee's debts or obligations.
Specifically, the franchisee agrees not to use any mark in signing any contract, lease, mortgage, check, purchase agreement, negotiable instrument, application for any license or permit, or any other legal obligation, or in any manner that may result in liability to Aira Fitness for any indebtedness or obligation of the franchisee. This provision aims to protect Aira Fitness from potential financial liabilities arising from the franchisee's business operations.
This restriction is typical in franchising, as franchisors want to avoid being held responsible for the debts or actions of their franchisees. Franchisees must secure financing and manage their business operations independently, without creating any financial obligations for Aira Fitness. This clause ensures that the franchisee operates as an independent entity and that Aira Fitness is not liable for the franchisee's financial dealings.