For a Bor Restoration franchise, who is bound by the confidentiality agreement?

According to Bor Restoration's 2024 Franchise Disclosure Document, both the prospective franchisee and BOR Franchising, LLC are bound by a confidentiality agreement during the franchise application process. Specifically, the applicant agrees to provide complete and true personal and financial information, authorizing its release to Bor Restoration for evaluation. In return, Bor Restoration agrees not to use any confidential information obtained through the confidential questionnaire for any purpose except to evaluate and engage in discussions concerning a potential franchise relationship.

Bor Restoration also agrees not to disclose any confidential information to any third parties except as may be required by law or a court order. This mutual agreement ensures that sensitive information shared during the application process is protected.

This confidentiality agreement is in place to protect both parties during the initial stages of exploring a potential franchise relationship. It allows Bor Restoration to thoroughly assess a candidate's suitability while assuring the applicant that their private information will be handled responsibly and not misused or improperly disclosed. However, the document also clarifies that completing the questionnaire does not obligate either party to proceed with a franchise transaction, and both reserve the right to terminate discussions at their discretion.