Is attendance at the Bor Restoration conference mandatory?
Bor_Restoration Franchise · 2024 FDDAnswer from 2024 FDD Document
We do have a conference at which attendance is mandatory. You will pay the then-current Conference Fee for attendance (Item 6), and you are also responsible for paying all travel, room, board, and other expenses incurred. When it is known, you will be provided with the duration of a meeting, its location, the identities of those who will present information at the meeting, and the content of any information that will be delivered at that time. If you fail to attend, we may charge you the Mandatory Non-Attendance Fee. The conference will be held in a location to be determined by us.
In addition to the conference, and though we do not now, we have the right in the future to require your Principal Operator, Designated Manager, and you to attend a local or regional meeting up to two times per year. Though none is now charged, we reserve the right to charge tuition in the future. You, however, are always responsible for all travel and living expenses that are associated with attendance at the same. When it is known, you will be provided with the duration of such a meeting, as well as its location, the identities of those who will present information, and a statement of the content to be presented. The meetings will be held in a location to be determined by us.
Source: Item 11 — (FDD pages 22–28)
What This Means (2024 FDD)
According to Bor Restoration's 2024 Franchise Disclosure Document, attendance at a conference is mandatory. Franchisees are required to pay a Conference Fee, as detailed in Item 6, as well as cover all associated travel, room, board, and other expenses. Bor Restoration will provide information regarding the meeting's duration, location, presenters, and content when this information becomes available.
Failure to attend the mandatory conference may result in a Mandatory Non-Attendance Fee. The conference location will be determined by Bor Restoration.
In addition to the mandatory conference, Bor Restoration retains the right to require the Principal Operator, Designated Manager, and the franchisee to attend local or regional meetings up to two times per year. While tuition is not currently charged for these meetings, Bor Restoration reserves the right to implement tuition fees in the future. Franchisees are always responsible for covering all travel and living expenses associated with attending these local or regional meetings. Bor Restoration will provide details regarding the duration, location, presenters, and content of these meetings when the information is available.