What is the purpose of the 'Initials' lines on page 74 of the Bor Restoration FDD?
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 Franchise Disclosure Document, page 74 includes lines for 'Initials'. The excerpt includes a table format with a header row indicating the presence of these initial lines. However, the document does not explicitly state the purpose or context for these initials.
Without further context, it is unclear what document or agreement these initials pertain to. It is common practice to include initial lines on each page of a legal document to verify that the involved parties have reviewed and acknowledged every page. However, without additional information, this is only speculation.
A prospective Bor Restoration franchisee should ask the franchisor to clarify the purpose of these initial lines. Understanding what document is being initialed and what acknowledgement is being made is essential before signing any franchise agreement.