Under the Aerus Franchise Agreement (Associate Program), what schedule contains the ownership interests?
Aerus Franchise · 2025 FDDAnswer from 2025 FDD Document
THIS FRANCHISE AGREEMENT (Associate Program) (the "Agreement") is made effective as of the date shown on the signature page hereto (the "Effective Date") and is made between Aerus Franchising, LLC, a Delaware limited liability company, having its principal place of business at 14841 Dallas Parkway, Suite 500, Dallas, Texas 75254 ("Company") and the entity or individual executing this Agreement as "Franchisee" and having its primary residence or principal place of business at the address set forth in Schedule 1, attached hereto ("Franchisee"). Franchisee represents that the ownership interests shown in Schedule 2 attached hereto are true, complete and correct. Certain capitalized terms and phrases are used in this Agreement with the meanings assigned in Addendum A, attached hereto, which is incorporated herein by reference.
Source: Item 23 — Receipts (FDD pages 74–305)
What This Means (2025 FDD)
According to Aerus's 2025 Franchise Disclosure Document, the ownership interests under the Associate Program Franchise Agreement are detailed in Schedule 2. Specifically, the Franchisee must represent that the ownership interests shown in Schedule 2 are accurate and complete. This schedule is attached to the Franchise Agreement.
For a prospective Aerus franchisee, this means that Schedule 2 is a critical document that outlines who owns the franchise and their respective stakes. It is important to ensure that all ownership information is correctly documented in Schedule 2, as the franchisee is attesting to its accuracy when signing the Franchise Agreement. Any discrepancies or inaccuracies could potentially lead to legal or contractual issues down the line.
Franchisees should carefully review Schedule 2 with their legal and financial advisors to confirm that it accurately reflects the ownership structure of their Aerus franchise. This is a standard practice in franchising, as clearly defining ownership interests is essential for managing the business and ensuring compliance with the franchise agreement.