factual

What is the term length of the Aerus Software License?

Aerus Franchise · 2025 FDD

Answer from 2025 FDD Document

hall serve as an original signed Lease Rider until such time that the original Lease Rider has been fully executed and delivered to all parties. In the event that an original signed Lease Rider is not delivered to all parties, the facsimile signed Lease Rider shall remain fully binding and effective for all purposes.

[SIGNATURES ON THE FOLLOWING PAGE]

[If an entity]: TENANT , a Date of Execution: [If an individual]: Date of Execution: LANDLORD: Date of Execution:

EXHIBIT II

FORM OF SOFTWARE LICENSE AGREEMENT

THIS SOFTWARE LICENSE AGREEMENT(this "Software License"), is being entered into simultaneously with that certain Franchise Agreement (the "Franchise Agreement") dated of even date herewith (the "Effective Date") by and between Aerus Franchising, LLC, a Delaware limited liability company, having offices at 14841 Dallas Parkway, Suite 500, Dallas, Texas 75254 ("Licensor") and the individual or entity executing this Agreement as Licensee ("Licensee"). All capitalized terms used herein that are not otherwise defined have the meanings assigned to such terms in the Franchise Agreement.

WITNESSETH:

WHEREAS, in connection with Licensee's execution of the Franchise Agreement and the software licenses provided for therein, Licensor and Licensee desire to execute this Software License in order to evidence the specific terms and conditions of such license;

NOW, THEREFORE, for and in consideration of the premises and promises set forth herein and in the Franchise Agreement, and other good and valuable consideration, the receipt, sufficiency and adequacy of which are hereby acknowledged, Licensor and Licensee agree as follows:

    1. Licensor hereby grants to Licensee a nonexclusive, nonassignable license to use the computer programs (including all revisions, modifications and enhancements thereto), in object code form (the "Software"), together with their related user and operating documentation, if any (the "Documentation") from time to time made available to Licensee under the Franchise Agreement.

Source: Item 23 — Receipts (FDD pages 74–305)

What This Means (2025 FDD)

The 2025 Aerus Franchise Disclosure Document does not explicitly state the term length of the software license agreement. However, it does indicate that the software license is connected to the franchise agreement.

Specifically, the FDD states that the Software License Agreement is entered into simultaneously with the Franchise Agreement. It also mentions that the provisions of the Software License are incorporated into the Franchise Agreement by reference. This suggests that the term of the software license is likely tied to the term of the franchise agreement.

To determine the exact term length of the Aerus software license, prospective franchisees should review Schedule 1 of the Franchise Agreement, which outlines the initial term and any renewal terms. They should also ask Aerus for clarification on how the software license term aligns with the franchise agreement term.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.