Does the Bor Restoration General Release require notarization?
Bor_Restoration Franchise · 2024 FDDAnswer from 2024 FDD Document
- d. Each Party shall fully cooperate with all other Parties with respect to the performance of this Release. Each Party will execute, acknowledge, and deliver such further documents that may reasonably be required to perform this Release effectively and to evidence the release of all obligations and liabilities of the Parties as more fully stated herein.
Source: Item 23 — Receipts (FDD pages 40–202)
What This Means (2024 FDD)
According to Bor Restoration's 2024 Franchise Disclosure Document, the General Release does not explicitly state that notarization is required. However, the document does state that each party will execute, acknowledge, and deliver such further documents that may reasonably be required to perform this Release effectively and to evidence the release of all obligations and liabilities of the Parties as more fully stated herein.
This suggests that while notarization isn't specifically mandated in the FDD, Bor Restoration may require additional documentation or actions to fully execute the release. This could potentially include notarization, depending on the specific circumstances or requirements of the franchisor or local laws. The franchisee is responsible for cooperating with Bor Restoration to ensure the release is properly executed.
Prospective Bor Restoration franchisees should clarify with the franchisor whether notarization or any other specific procedures are necessary for the General Release to be considered valid and enforceable. Understanding these requirements upfront can prevent potential complications or delays in the future.