In which states is the Receipt for the Aerus Disclosure Document required?
Aerus Franchise · 2025 FDDAnswer from 2025 FDD Document
e 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.
Source: Item 23 — Receipts (FDD pages 74–305)
What This Means (2025 FDD)
According to the 2025 Aerus Franchise Disclosure Document, Iowa, Michigan, and New York have specific requirements regarding the delivery timeline of the disclosure document. Aerus must provide the disclosure document to prospective franchisees in Iowa and New York at the earlier of the first personal meeting or 10 business days (14 calendar days in Iowa) before the franchise agreement is executed or any consideration is paid. In Michigan, Aerus must provide the document at least 10 business days before the execution of any binding agreement or payment of consideration, whichever comes first.
These regulations ensure that potential Aerus franchisees have adequate time to review the FDD and seek professional advice before making any commitments. The receipt of the disclosure document serves as an acknowledgment that the franchisee has been given the opportunity to review the necessary information. It is important for prospective franchisees to carefully note the date they receive the FDD and ensure that they adhere to the waiting periods required by their state.
Additionally, the FDD includes a general receipt page that all prospective franchisees must sign and return to Aerus, acknowledging they received the disclosure document dated May 15, 2025, along with its exhibits. These exhibits include state addenda for California, Illinois, Maryland, Minnesota, New York, North Dakota, South Dakota, Virginia, Washington, and Wisconsin, as well as financial statements, franchise agreements, and other relevant documents. This receipt serves as proof that Aerus has provided the required information to the potential franchisee, and the franchisee has acknowledged receiving it.
It is important to note that while the FDD mentions specific requirements for Iowa, Michigan, and New York, all prospective Aerus franchisees are required to sign and return the receipt page to Aerus, regardless of their location. This ensures that Aerus maintains a record of compliance with disclosure requirements and that franchisees have acknowledged receiving the necessary information to make an informed decision.