What is the purpose of the Receipt for the Disclosure Document in the Aerus FDD?
Aerus Franchise · 2025 FDDAnswer from 2025 FDD Document
Please sign and date this copy of the receipt page, print your name and return it to Aerus Franchising, LLC, Attention: Legal Department, 14841 Dallas Parkway, Suite 500, Dallas, Texas 75254.
(RETAIN FOR YOUR FILES)
RECEIPT PAGE (Aerus' Copy)
This Disclosure Document summarizes certain provisions of the Franchise Agreement and other information in plain language. Read this disclosure document and all agreements carefully.
If Aerus Franchising, LLC offers You a franchise, it must provide this Disclosure Document to You 14 calendar days before You sign a binding agreement or make a payment with the Franchisor or an affiliate in connection with the proposed franchise sale or grant.
Iowa and New York require that we give you this disclosure document at the earlier of the first personal meeting or 10 business days (or 14 calendar days in Iowa) before the execution of the franchise or other agreement or the payment of any consideration that relates to the franchise relationship.
Michigan requires that we give you this disclosure document at least 10 business days before the execution of any binding franchise or other agreement or the payment of any consideration, whichever occurs first.
If Aerus Franchising, LLC does not deliver this Disclosure Document on time or if it contains a false or misleading statement, or a material omission, a violation of federal and state law may have occurred and should be reported to the Federal Trade Commission, Washington, DC 20580 and the appropriate state agency listed in Exhibit 4.
The franchisor is Aerus Franchising, LLC located at 14841 Dallas Parkway, Suite 500, Dallas, TX 75254. Its telephone number is (800) 572-0321.
Issuance Date: May 15, 2025
Source: Item 23 — Receipts (FDD pages 74–305)
What This Means (2025 FDD)
According to Aerus's 2025 Franchise Disclosure Document, the receipt page serves as an acknowledgment that the prospective franchisee received the FDD. By signing and dating the receipt, the franchisee confirms they received the document, which summarizes the Franchise Agreement and other pertinent information. The receipt must be returned to Aerus Franchising, LLC, at the provided address in Dallas, Texas. Aerus retains this copy for their records, while the franchisee also keeps a copy.
The FDD emphasizes the importance of carefully reading the disclosure document and all related agreements. It states that Aerus must provide the Disclosure Document to the prospective franchisee at least 14 calendar days before signing any binding agreement or making any payment to Aerus or its affiliates related to the franchise. Certain states, like Iowa, New York, and Michigan, have specific requirements regarding the timing of the FDD delivery, with deadlines based on the first personal meeting or execution of agreements.
The receipt also serves as a protective measure for the franchisee. It informs them that if Aerus does not deliver the Disclosure Document on time, or if the document contains false, misleading, or omits material information, it could be a violation of federal and state law. In such cases, the franchisee is advised to report the issue to the Federal Trade Commission and the appropriate state agency listed in Exhibit 4 of the FDD. The issuance date of the disclosure document is May 15, 2025.