Where in the Bor Restoration franchise agreement is the choice of law provision found?
Bor_Restoration Franchise · 2024 FDDAnswer from 2024 FDD Document
| PROVISION | SECTION IN | SUMMARY |
|---|---|---|
| FRANCHISE AGREEMENT | ||
| w. Choice of Law | 10 and 16 | Subject to state law, the state law of our then-current headquarters that is now in Colorado. |
Source: Item 19 — Financial Performance Representations (FDD pages 35–36)
What This Means (2024 FDD)
According to Bor Restoration's 2024 Franchise Disclosure Document, the choice of law provision is addressed in Sections 10 and 16 of the franchise agreement. This provision specifies that, subject to state law, the laws of the state where Bor Restoration's headquarters are located will govern the agreement. Currently, Bor Restoration's headquarters are in Colorado.
For a prospective franchisee, this means that any legal disputes arising from the franchise agreement will likely be interpreted under Colorado law, regardless of where the franchisee's Bor Restoration business is located. However, this is subject to applicable state laws, which may introduce nuances or exceptions depending on the franchisee's location.
Choice of law provisions are standard in franchise agreements to provide clarity and consistency in legal interpretations. Franchisees should familiarize themselves with the laws of Colorado, or seek legal counsel to understand how those laws might affect their rights and obligations under the Bor Restoration franchise agreement.