What part of the Bor Restoration franchise agreement specifies the opening date?
Bor_Restoration Franchise · 2024 FDDAnswer from 2024 FDD Document
Before the Opening Date, we will,
- a. assign you an Exclusive Territory;
- b. deliver the Opening Package and the BOR Software Suite;
- c. provide you with Initial Training (Article 7);
- d. if we have one, provide you with a list of approved suppliers for equipment, goods, and services; and,
- e. supply reasonable support by telephone, text, and email.
Source: Item 23 — Receipts (FDD pages 40–202)
What This Means (2024 FDD)
According to Bor Restoration's 2024 Franchise Disclosure Document, the franchise agreement outlines certain services that Bor Restoration will provide to the franchisee before the "Opening Date." These services include assigning an Exclusive Territory, delivering the Opening Package and the BOR Software Suite, providing Initial Training, offering a list of approved suppliers, and supplying reasonable support via telephone, text, and email.
However, the excerpt does not explicitly state where the "Opening Date" is defined within the franchise agreement. While it mentions actions taken before this date, it does not specify how the opening date itself is determined or documented.
A prospective Bor Restoration franchisee should carefully review the franchise agreement to locate the specific section that defines how the opening date is established. It would be prudent to ask Bor Restoration for clarification on this point during the due diligence process to fully understand the obligations and timelines involved in commencing operations.