What documents constitute the entire agreement and understanding between Aerus and the franchisee?
Aerus Franchise · 2025 FDDAnswer from 2025 FDD Document
Aerus Franchising, LLC authorizes the respective state agencies identified on Exhibit 5 to receive service of process for it in the particular state.
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)
Based on the 2025 Aerus Franchise Disclosure Document, the documents that constitute the entire agreement between Aerus and the franchisee are detailed in Item 23, Receipts. The franchisee acknowledges receipt of the Franchise Disclosure Document (FDD) dated May 15, 2025, which includes several exhibits that form part of the agreement. These exhibits cover various aspects of the franchise relationship, ensuring both parties are aligned on the terms and conditions.
The exhibits include state-specific addenda for California, Illinois, Maryland, Minnesota, New York, North Dakota, South Dakota, Virginia, Washington, and Wisconsin, addressing any state-specific legal requirements. The agreement also encompasses financial statements (Exhibit 1), different versions of the Franchise Agreement tailored to the Standard Program (Exhibit 2(a)) and Associate Program (Exhibit 2(b)), along with a Lease Rider, Software License Agreement, and Consigned Products Security Agreement. A Beyond Addendum (Exhibit 2(c)) is also included, likely covering additional or specialized terms.
Furthermore, the agreement includes a Secured Promissory Note, Security Agreement, and Guaranty (Exhibit 3), outlining financial obligations and security arrangements. Other exhibits provide essential information such as a list of state administrators (Exhibit 4), agents for service of process (Exhibit 5), lists of Aerus businesses (Exhibit 6), a commitment letter (Exhibit 7), and the manual table of contents (Exhibit 8). These documents collectively define the scope, obligations, and expectations of both Aerus and the franchisee, ensuring a comprehensive understanding of the franchise relationship.