What does the Belocal FDD refer to as 'we,' 'us,' or 'our'?
Belocal Franchise · 2025 FDDAnswer from 2025 FDD Document
The franchisor is N2 Franchising, Inc., referred to in this disclosure document as "we," "us," or "our." We refer to the person buying the franchise as "you" or "your." If you are a corporation, partnership, limited liability company, or other entity, certain provisions of the Franchise Agreement will apply to your owners, officers, directors, and limited liability company managers ("Principals"). These are addressed in this disclosure document where appropriate. As used in this disclosure document, an "affiliate" of a named person is any person or entity that is controlled by, controlling or under common control with such named person, and includes parents and subsidiaries of the named person.
Source: Item 1 — THE FRANCHISOR AND ANY PARENTS, PREDECESSORS, AND AFFILIATES (FDD pages 8–12)
What This Means (2025 FDD)
According to Belocal's 2025 Franchise Disclosure Document, the terms "we," "us," or "our" refer to N2 Franchising, Inc., which is the franchisor. The FDD also clarifies that "you" or "your" refers to the person buying the franchise. This distinction is important for understanding the obligations and rights of each party as outlined in the document and the Franchise Agreement. If the franchisee is a corporation, partnership, limited liability company, or other entity, certain provisions of the Franchise Agreement will apply to the owners, officers, directors, and limited liability company managers, who are referred to as "Principals".
Belocal also specifies that an "affiliate" is any person or entity controlled by, controlling, or under common control with a named person, including parents and subsidiaries. This definition is crucial for identifying potential conflicts of interest or related-party transactions that may impact the franchisee. Understanding these definitions is essential for interpreting the terms and conditions of the franchise agreement and assessing the overall relationship between the franchisee and Belocal.
Furthermore, the FDD mentions that Belocal offers franchises for businesses selling print and digital advertising services, organizing local events, and facilitating the publishing of magazines, newsletters, and directories under the trademark "BELOCAL®." These businesses are referred to as Franchised Businesses or BL Businesses, and their operators are called Franchisees or Area Directors. This clarification helps prospective franchisees understand the scope of the business they will be operating and the services they will be providing under the Belocal brand.