Does Bor Restoration retain rights not specifically reserved to me in the Bor Restoration franchise agreement?
Bor_Restoration Franchise · 2024 FDDAnswer from 2024 FDD Document
- f. retain all other rights not specifically reserved to you.
- g. Though we can use alternative channels of distribution within your Exclusive Territory to make sales of goods, items, and Services associated with the System and the Marks, or associated with any other system or trademarks, service marks, trade names, logos, and the like, we have not done so as of the date of the FDD. We reserve the right to do so at any time.
Source: Item 23 — Receipts (FDD pages 40–202)
What This Means (2024 FDD)
According to Bor Restoration's 2024 Franchise Disclosure Document, Bor Restoration retains all rights not specifically reserved to the franchisee. This means that while the franchise agreement outlines specific rights granted to the franchisee, any rights not explicitly mentioned as belonging to the franchisee remain with Bor Restoration.
This provision is fairly standard in franchising. It ensures that Bor Restoration maintains control over its brand, system, and intellectual property. For a prospective franchisee, this means it is crucial to carefully review the franchise agreement to understand exactly which rights are granted to them and which are retained by Bor Restoration.
Bor Restoration also retains the right to use alternative channels of distribution within the franchisee's exclusive territory to make sales of goods, items, and services associated with the System and the Marks, or associated with any other system or trademarks, service marks, trade names, logos, and the like, and reserves the right to do so at any time. As of the date of the FDD, Bor Restoration has not done so. This could impact a franchisee's potential revenue if Bor Restoration decides to utilize these alternative channels in the future.