According to the Beem Light Sauna Franchise Agreement, what does 'we,' 'us,' and 'our' refer to?
Beem_Light_Sauna Franchise · 2025 FDDAnswer from 2025 FDD Document
THIS AGREEMENT (this "Agreement") is made and entered into as of the date set forth on Appendix A of this Agreement (the "Effective Date") (Appendix A and all appendices and schedules attached to this Agreement are hereby incorporated by this reference) between Beem Franchisor LLC, a Delaware limited liability company with its principal place of business at 4000 MacArthur Blvd., Suite 800, Newport Beach, California 92660 ("Franchisor"), and the person or entity identified in Appendix A as the franchisee ("Franchisee") with its principal place of business as set forth in Appendix A. In this Agreement, "we," "us," and "our" refers to Franchisor. "You" and "your" refers to Franchisee.
Source: Item 23 — RECEIPT (FDD pages 71–230)
What This Means (2025 FDD)
According to the 2025 Beem Light Sauna Franchise Agreement, the terms 'we,' 'us,' and 'our' refer to Beem Franchisor LLC. This definition is important for franchisees to understand because it clarifies who is making commitments and has rights within the agreement.
For a prospective Beem Light Sauna franchisee, this means that when reading the Franchise Agreement, any clause using 'we,' 'us,' or 'our' is referring to actions, rights, or obligations of the franchisor, Beem Franchisor LLC. This distinction is crucial for understanding the responsibilities and entitlements of each party involved.
For example, if a section of the agreement states, 'We will provide training,' it means Beem Franchisor LLC is responsible for providing the training. Similarly, if it says, 'Our approval is required,' it signifies that Beem Franchisor LLC's consent is necessary for a particular action. This clear definition helps avoid confusion and ensures both parties understand their respective roles and obligations under the franchise agreement.