What does 'we' refer to in the Bor Restoration Disclosure Document?
Bor_Restoration Franchise · 2024 FDDAnswer from 2024 FDD Document
To simplify the language in this Disclosure Document, the use of the word "we," "us," or similar pronouns means the Franchisor BOR Franchising, LLC. "You" and similar pronouns mean the person or corporation, partnership, or other entity (Legal Entity), including your owners, stockholders, or partners, who are buying the right to operate under the Franchise Agreement.
The Franchisor, Any Parents, and Its Predecessors and Affiliates
We are a Colorado limited liability company that was formed on January 10, 2018. We also do business under the name "B.O.R," "BOR," and "Best Option Restoration." Our principal business address is 8200 Southpark Circle, Suite 300, Littleton, CO 80120, 720-204-2095. We have been franchising since January of 2018.
Source: Item 1 — The Franchisor and any Parents, Predecessors, and Affiliates (FDD pages 8–9)
What This Means (2024 FDD)
According to Bor Restoration's 2024 Franchise Disclosure Document, the terms "we," "us," or similar pronouns refer to BOR Franchising, LLC, which is the franchisor. This is explicitly stated to simplify the language used throughout the document. Understanding this definition is crucial for interpreting the obligations, rights, and responsibilities outlined in both the Franchise Disclosure Document and the Franchise Agreement.
For a prospective Bor Restoration franchisee, this means that any statement using "we" refers to actions, requirements, or offerings made by BOR Franchising, LLC. For example, when the document states, "We offer you the right to establish, operate, and deliver...services," it clarifies that BOR Franchising, LLC is granting the franchisee the right to operate a Bor Restoration franchise. This distinction is important for understanding who is responsible for various aspects of the franchise relationship.
Conversely, the terms "you" and similar pronouns refer to the person or entity (including owners, stockholders, or partners) who is purchasing the right to operate the Bor Restoration franchise. This includes understanding what is expected of you as the franchisee, such as operating under Bor Restoration's System. The FDD states that "You must operate under our System," meaning the franchisee is obligated to follow the franchisor's established methods and standards.