What time zone is used to determine 'Business Hours' and the start of a 'Day' for Bevaris Alliance?
Bevaris_Alliance Franchise · 2024 FDDAnswer from 2024 FDD Document
lifornia when banks in Los Angeles, California are open for business.
Business Hours: the period from 5:00 a.m. to 5:00 p.m. Pacific Time on any Business Day.
Source: Item 23 — RECEIPT (FDD pages 22–88)
What This Means (2024 FDD)
According to the 2024 Bevaris Alliance Franchise Disclosure Document, both 'Business Hours' and the start of a 'Day' are defined using Pacific Time. 'Business Hours' are specified as the period from 5:00 a.m. to 5:00 p.m. Pacific Time on any Business Day. A 'Day' is defined as a period of 24 consecutive hours starting at 12:01 a.m. Pacific Time.
For a prospective Bevaris Alliance franchisee, this means that all references to time within the franchise agreement, such as deadlines or operational hours, are based on Pacific Time, regardless of the franchisee's location. This is particularly important for franchisees operating outside the Pacific Time Zone, as they will need to adjust their schedules and operations accordingly to align with the franchisor's defined 'Business Hours' and 'Day'.
This standardization ensures consistency across the Bevaris Alliance system and simplifies communication and coordination between the franchisor and its franchisees. Franchisees should be aware of this time zone difference to avoid any misunderstandings or missed deadlines related to reporting, payments, or other obligations outlined in the franchise agreement. It is a common practice for franchisors with a national presence to select a single time zone for consistency.