What is Exhibit 9 for Bor Restoration?
Bor_Restoration Franchise · 2024 FDDAnswer from 2024 FDD Document
| Exhibit 1 | Initial Franchise Fee and Statement of Ownership |
|---|---|
| Exhibit 2 | Exclusive Territory and Franchised Location |
| Exhibit 3 | Release for Criminal and Credit Check |
| Exhibit 4 | General Release |
| Exhibit 5 | Collateral Assignment of Contact and Electronic Information |
| Exhibit 6 | Confidentiality Agreement |
| Exhibit 7 | State Addenda |
| Exhibit 8 | Guaranty |
| Exhibit 9 | Closing Acknowledgement |
Source: Item 23 — Receipts (FDD pages 40–202)
What This Means (2024 FDD)
According to Bor Restoration's 2024 Franchise Disclosure Document, Exhibit 9 is the Closing Acknowledgement. This exhibit is one of several that a prospective franchisee will receive as part of the disclosure document.
The inclusion of a Closing Acknowledgement as Exhibit 9 suggests that Bor Restoration requires franchisees to formally acknowledge the completion of certain steps or requirements at the closing stage of the franchise agreement. This could involve confirming that all necessary documents have been reviewed, all fees have been paid, and all training requirements have been met.
Prospective franchisees should carefully review the Closing Acknowledgement to understand their obligations and responsibilities at the time of closing. It is important to ensure that all information provided in the acknowledgement is accurate and complete before signing. Franchisees should also retain a copy of the signed acknowledgement for their records.