Besides the Franchise Disclosure Document, what other documents constitute the entire agreement between Aerus and the franchisee?
Aerus Franchise · 2025 FDDAnswer from 2025 FDD Document
I received a franchise disclosure document dated May 15, 2025 that included the following exhibits:
State Addenda (California, Illinois, Maryland, Minnesota, New York, North Dakota, South Dakota, Virginia, Washington, Wisconsin)
Exhibit 1 – Financial Statements
Exhibit 2(a) – Franchise Agreement (Standard Program), Lease Rider, Software License Agreement and Consigned Products Security Agreement
Exhibit 2(b) – Franchise Agreement (Associate Program), Lease Rider, Software License Agreement and Consigned Products Security Agreement
Exhibit 2(c) – Beyond Addendum
Exhibit 3 – Secured Promissory Note, Security Agreement and Guaranty
Exhibit 4 – List of State Administrators
Exhibit 5 – List of Agents for Service of Process
Exhibit 6 – List of Aerus Businesses and List of Aerus Businesses Who Have Left the System
Exhibit 7 – Commitment Letter
Exhibit 8 – Manual Table of Contents
Source: Item 23 — Receipts (FDD pages 74–305)
What This Means (2025 FDD)
According to Aerus' 2025 Franchise Disclosure Document, several exhibits are included that, along with the FDD, outline the agreement between Aerus and the franchisee. Specifically, Exhibits 2(a) and 2(b) contain the Franchise Agreements for the Standard and Associate Programs, respectively. These exhibits also include the Lease Rider, Software License Agreement, and Consigned Products Security Agreement.
Additionally, Exhibit 2(c) contains the Beyond Addendum, and Exhibit 3 includes the Secured Promissory Note, Security Agreement, and Guaranty. These documents, along with the Franchise Disclosure Document, constitute the comprehensive set of agreements outlining the obligations, responsibilities, and rights of both Aerus and the franchisee.
Prospective franchisees should carefully review all these documents to fully understand their contractual obligations and the terms of the franchise relationship. It is advisable to seek legal counsel to interpret these agreements and assess their implications before signing any binding documents or making any payments to Aerus.