factual

What is the date of issuance for the Bor Restoration disclosure document?

Bor_Restoration Franchise · 2024 FDD

Answer from 2024 FDD Document

I have received a disclosure document dated March 26, 2024, that included the following Exhibits:

Source: Item 23 — Receipts (FDD pages 40–202)

What This Means (2024 FDD)

According to Bor Restoration's 2024 Franchise Disclosure Document, the disclosure document is dated March 26, 2024. This date is important because it signifies the version of the FDD that a prospective franchisee has received.

Franchisors are required to provide the FDD to potential franchisees at least 14 calendar days before any binding agreement is signed or any payment is made. This gives the franchisee adequate time to review the document and seek professional advice.

The receipt also mentions that if Bor Restoration does not deliver the disclosure document on time, or if it contains false or misleading statements, or a material omission, a violation of federal and state law may have occurred. This should be reported to the Federal Trade Commission and the New York State Department of Law, as well as the appropriate state agency.

Disclaimer: This information is extracted from the 2024 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.