What is included in Exhibit 1 of the Bor Restoration Franchise Disclosure Document?
Bor_Restoration Franchise · 2024 FDDAnswer from 2024 FDD Document
EXHIBIT I RECEIPTS
RECEIPT
This disclosure document summarizes certain provisions of the franchise agreement and other information in plain English. Read this disclosure document and all agreements carefully.
If BOR Franchising, LLC offers you a franchise, we must provide this disclosure document to you 14 calendar days before you sign a binding agreement or make a payment to us or an Affiliate in connection with the proposed franchise
New York and Rhode Island law requires that we give you this disclosure document at the earlier of the first personal meeting or 10 business days before the execution of the franchise or other agreement or the payment of any consideration that relates to the franchise relationship. Michigan and Oregon require that we give you this disclosure document at least 10 business days before the execution of any binding franchise or other agreement or the payment of any consideration, whichever occurs first.
If BOR Franchising, LLC does not deliver this disclosure document on time or if it contains a false or misleading statement, or a material omission, a violation of federal and state law may have occurred and should be reported to the Federal Trade Commission, Washington, D.C. 20580 and to the New York State Department of Law, 120 Broadway, 23rd floor, New York, N.Y. 10271, and the appropriate state agency identified on Exhibit A.
Date of Issuance: March 26, 2024
The Franchisor is BOR Franchising, LLC, 8200 Southpark Circle, Suite 300, Littleton, CO 80120, 720-204-2095.
The franchise seller for this offering is Nick-Anthony Zamucen, 8200 Southpark Circle, Suite 300, Littleton, CO 80120, 720-204-2095.
BOR Franchising, LLC authorizes the respective state agencies identified in Exhibit A to receive services of process for it in the particular state.
I have received a disclosure document dated March 26, 2024, that included the following Exhibits:
Source: Item 23 — Receipts (FDD pages 40–202)
What This Means (2024 FDD)
According to the 2024 Bor Restoration Franchise Disclosure Document, Exhibit I includes receipts. The receipt acknowledges that the disclosure document summarizes the franchise agreement and other information. It confirms that Bor Restoration must provide the disclosure document to the prospective franchisee 14 calendar days before signing any binding agreement or making any payment. Certain states, such as New York, Rhode Island, Michigan, and Oregon, have specific timelines for providing the disclosure document, linked to the first personal meeting or execution of the agreement. The receipt also advises the franchisee of potential legal violations if the disclosure document is not delivered on time or contains false information. It provides contact information for the Federal Trade Commission and the New York State Department of Law for reporting such violations. The date of issuance for the disclosure document is March 26, 2024. The receipt also identifies BOR Franchising, LLC as the franchisor, along with their address and phone number, and Nick-Anthony Zamucen as the franchise seller, including his contact information. Finally, it states that Bor Restoration authorizes state agencies listed in Exhibit A to receive service of process. The franchisee must return a signed copy of the receipt to Bor Restoration, either via electronic signature or by mail.