On the Aerus receipts form, what date is referenced by the 'Date of Execution' field?

According to the 2025 Aerus Franchise Disclosure Document, the 'Date of Execution' on the receipts form refers to the date on which the parties involved in the agreement, whether it be the Software License Agreement or the Consigned Products Security Agreement, formally sign and deliver the document. This date signifies when the agreement becomes effective, binding the parties to the terms and conditions outlined within. The agreements are executed simultaneously with the Franchise Agreement and become effective as of that date.

For a prospective Aerus franchisee, understanding the 'Date of Execution' is crucial because it marks the commencement of their obligations and rights under the franchise agreement and related documents. This date is essential for determining the start of the franchise term, payment schedules, and other time-sensitive obligations. It also serves as a reference point for any future disputes or interpretations of the agreement.

Aerus uses the 'Date of Execution' to ensure that all parties are clear on when their contractual obligations begin. This practice is standard in franchising, as it provides a clear and unambiguous starting point for the franchise relationship. Franchisees should carefully note this date and understand its implications for their business operations and financial planning. The date is specific to the agreement being referenced, whether it is the Software License Agreement, the Consigned Products Security Agreement, or the Franchise Agreement itself.