factual

Where do the guarantors print their names on the Bor Restoration FDD?

Bor_Restoration Franchise · 2024 FDD

Answer from 2024 FDD Document

GUARANTOR(S) Print Name: Print Name:

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

What This Means (2024 FDD)

According to the 2024 Bor Restoration Franchise Disclosure Document, the guarantors print their names in the designated "Print Name" sections. Specifically, in Item 23, there are signature blocks for guarantors to print their names. These blocks are included in documents that need to be signed as part of the franchise agreement.

These signature blocks ensure that the guarantors are clearly identified and acknowledge their responsibilities. The guarantor's printed name, along with their signature and the date, legally binds them to the terms outlined in the guaranty agreement. This agreement ensures that the obligations of the franchisee are met, providing Bor Restoration with an additional layer of security.

Prospective Bor Restoration franchisees should carefully review these sections with their legal counsel to fully understand the implications of the guaranty. It is important for guarantors to understand the extent of their liability and obligations before signing any documents. This level of detail in the FDD underscores the importance of legal and financial due diligence before entering into a franchise agreement.

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.