For Aerus, what happens if a Rider is attached to the Guarantee?

According to Aerus's 2025 Franchise Disclosure Document, the guarantee provided by the guarantor is continuing, unlimited, absolute, and unconditional, except as provided in any Rider attached to it. This means that if a Rider is attached to the Guarantee, the terms outlined in the Rider will take precedence and may modify or limit the guarantor's obligations.

In practical terms, a Rider could specify conditions under which the guarantee would not apply or could limit the amount for which the guarantor is liable. It provides a mechanism to tailor the guarantee to specific circumstances or to address particular risks. Without a Rider, the guarantee is fully in effect, but with a Rider, certain exceptions or limitations may apply.

Prospective Aerus franchisees should carefully review any Riders attached to the Guarantee to understand the full extent of their obligations and potential liabilities. It is essential to seek legal counsel to interpret the implications of the Rider and to ensure that the terms are acceptable before signing the agreement. This is a standard practice in franchising, as guarantees often have specific conditions that can significantly impact the guarantor's responsibilities.