What initials are required on page 74 of the Bor Restoration FDD for Bor Restoration?
Bor_Restoration Franchise · 2024 FDDAnswer from 2024 FDD Document
| © 2024 All rights reserved BOR Franchising, LLC Gen 3-30-24 | 74 | ||
|---|---|---|---|
| Initials | |||
| Initials |
Source: Item 23 — Receipts (FDD pages 40–202)
What This Means (2024 FDD)
According to the 2024 Bor Restoration FDD, page 74 requires initials. The table indicates a space for 'Initials' to be provided on that page. This likely signifies that the franchisee, and possibly a representative of Bor Restoration, must initial the page to acknowledge they have reviewed it. This is a common practice in franchising to ensure that all parties have seen and acknowledged specific sections of the FDD. Franchisees should carefully review page 74 to understand the content they are initialing.
Initialing the page does not necessarily indicate agreement with the content, but rather acknowledgment of having reviewed it. It is the franchisee's responsibility to understand the implications of all documents within the FDD, and to seek clarification from Bor Restoration or legal counsel if needed. The requirement for initials highlights the importance of thorough due diligence before entering into a franchise agreement.
Prospective franchisees should pay close attention to any instructions provided by Bor Restoration regarding the initialing process. It is important to use the correct initials and to ensure that all required signatures and initials are present on all necessary documents. Failure to properly initial or sign documents could potentially lead to legal complications in the future.