What is the definition of 'Franchisor' under the Bevaris Alliance franchise agreement?
Bevaris_Alliance Franchise · 2024 FDDAnswer from 2024 FDD Document
This agreement is dated [DATE]
Parties
- (1) Bevaris Alliance Franchise System, LLC, a limited liability company organized under the laws of Delaware, having its principal office located at 407 N. Maple Drive, Ground Floor, Suite #1, Beverly Hills, CA 90210 (Franchisor)
- (2) [FULL FRANCHISEE COMPANY NAME] incorporated and registered in [STATE OF INCORPORATION or ORGANIZATION] whose registered office is at [REGISTERED OFFICE ADDRESS] (Franchisee)
- (3) [NAME] of [ADDRESS] (Individual)
BACKGROUND
- (A) The Franchisor, as a result of extensive research and practical business experience, has developed the Branded Business, which is carried on under the Trade Name.
- (B) The Franchisor has built up a substantial reputation and goodwill in the Trade Name, which is associated with high standards of service.
- (C) The Franchisor is the exclusive owner of all rights in the Trademarks.
- (D) The Franchisor has developed specialized Products and Services to be used in the Branded Business. The Franchisor's current range of Products and Services is listed in the Manual.
Source: Item 23 — RECEIPT (FDD pages 22–88)
What This Means (2024 FDD)
According to the 2024 Bevaris Alliance Franchise Disclosure Document, the franchisor is defined as Bevaris Alliance Franchise System, LLC, a limited liability company organized under the laws of Delaware. The franchisor's principal office is located at 407 N. Maple Drive, Ground Floor, Suite #1, Beverly Hills, CA 90210.
This definition is important for prospective franchisees as it clearly identifies the legal entity they are entering into an agreement with. Knowing the franchisor's legal structure (LLC) and location can be relevant for legal and communication purposes. Franchisees should understand that Bevaris Alliance Franchise System, LLC, as the franchisor, is responsible for upholding the obligations and providing the support outlined in the franchise agreement.
Furthermore, the franchise agreement states that Bevaris Alliance, as a result of extensive research and practical business experience, has developed the Branded Business, which is carried on under the Trade Name. The franchisor has built up a substantial reputation and goodwill in the Trade Name, which is associated with high standards of service. The franchisor is the exclusive owner of all rights in the Trademarks and has developed specialized Products and Services to be used in the Branded Business. The Franchisor's current range of Products and Services is listed in the Manual. The Franchisor is the owner of Intellectual Property rights in the System and has applied to register or has registered the Trademarks which are associated with the Products and/or Services.