What contracts are included in Exhibit 2(a) of the Aerus Franchise Disclosure Document?
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 22 — Contracts (FDD page 74)
What This Means (2025 FDD)
According to Aerus's 2025 Franchise Disclosure Document, Exhibit 2(a) includes several agreements relevant to the Standard Program franchise. These are the Franchise Agreement itself, a Lease Rider, a Software License Agreement, and a Consigned Products Security Agreement. This exhibit is crucial for prospective franchisees as it outlines the legal framework governing their relationship with Aerus.
The Franchise Agreement details the rights and obligations of both Aerus and the franchisee, covering aspects like territory, term, and brand standards. The Lease Rider likely pertains to specific terms related to leasing a location for the Aerus business, ensuring compliance with Aerus's requirements. The Software License Agreement grants the franchisee the right to use Aerus's proprietary software necessary for business operations, subject to certain restrictions and conditions.
Finally, the Consigned Products Security Agreement likely addresses the terms under which Aerus provides products to the franchisee on consignment, securing Aerus's interest in those products until they are sold. Reviewing these documents carefully is essential for any potential Aerus franchisee to fully understand their commitments and the franchisor's expectations.