In the Aerus franchise agreement, what date is considered the effective date of the agreement?
Aerus Franchise · 2025 FDDAnswer from 2025 FDD Document
THIS FRANCHISE AGREEMENT (Standard Program) (the "Agreement") is made effective as of the date shown on the signature page hereto (the "Effective Date") and is made between Aerus Franchising, LLC, a Delaware limited liability company, having its principal place of business at 14841 Dallas Parkway, Suite 500, Dallas, Texas 75254 ("Company") and the entity or individual executing this Agreement as "Franchisee" and having its primary residence or principal place of business at the address set forth in Schedule 1, attached hereto ("Franchisee"). Franchisee represents that the ownership interests shown in Schedule 2 attached hereto are true, complete and correct. Certain capitalized terms and phrases are used in this Agreement with the meanings assigned in Addendum A, attached hereto, which is incorporated herein by reference.
Source: Item 23 — Receipts (FDD pages 74–305)
What This Means (2025 FDD)
According to the 2025 Aerus Franchise Disclosure Document, the effective date of the franchise agreement is the date shown on the signature page. This means that the agreement becomes legally binding and enforceable from that specific date forward.
This date is important because it marks the commencement of the franchise relationship and triggers various obligations for both Aerus and the franchisee. For instance, the franchisee's term, as specified in Schedule 1, begins from this effective date.
Additionally, other agreements such as the Software License Agreement and the Consigned Products Security Agreement are executed simultaneously with the Franchise Agreement and are also dated of even date with the Franchise Agreement's effective date. This ensures that all related agreements align with the start of the franchise relationship.