What documents, besides the franchise agreement, might contain obligations for Aerus franchisees?
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's 2025 Franchise Disclosure Document, several documents beyond the franchise agreement itself may impose obligations on franchisees.
Exhibit 2(a) lists several agreements applicable to the Standard Program, including a Lease Rider, Software License Agreement, and Consigned Products Security Agreement. Similarly, Exhibit 2(b) lists a Lease Rider, Software License Agreement, and Consigned Products Security Agreement applicable to the Associate Program. These agreements outline specific terms and conditions related to leasing, software usage, and the handling of consigned products, respectively.
Additionally, Exhibit 2(c) references a Beyond Addendum, while Exhibit 3 includes a Secured Promissory Note, Security Agreement, and Guaranty. These documents suggest potential financial obligations and security arrangements that franchisees may enter into with Aerus. The Power of Attorney document allows Aerus to act on behalf of the franchisee for specific purposes, such as assigning leases and managing business listings.
It is important for prospective Aerus franchisees to carefully review all exhibits and referenced documents to fully understand their obligations and rights within the franchise system. Consulting with a legal and financial advisor is recommended to assess the implications of each agreement before signing.