Can Bor Restoration revise its Proprietary Information from time to time?
Bor_Restoration Franchise · 2024 FDDAnswer from 2024 FDD Document
6.5 Modification, Discontinuation, and Goodwill
- a. If we, in our sole discretion, determine it necessary to modify or discontinue the use of any Marks or any portion of the Proprietary Information or the System or to develop additional or substitutes for any such component, you will, within a reasonable time after receipt of written notice of such modification or discontinuation from us, take such action, at your sole expense, as may be necessary to comply with such modification, discontinuation, addition or substitution.
- b. You have the right to use the Marks, the System, and the Proprietary Information only as permitted by this Franchise Agreement and only for so long as you fully perform and comply with all of the conditions, terms, and covenants of this Franchise Agreement, and our policies and procedures that we prescribe from time to time.
- c. All other use of the Marks must be with our prior written approval (which may be granted or denied for any reason or no reason).
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 the right to modify or discontinue the use of any Marks or any portion of the Proprietary Information or the System. They can also develop additions or substitutes for any such component.
If Bor Restoration determines such changes are necessary, franchisees must take action to comply with the modification, discontinuation, addition, or substitution. These actions are at the franchisee's sole expense, meaning the franchisee bears the financial burden of implementing these changes.
Franchisees can only use the Marks, System, and Proprietary Information as permitted by the Franchise Agreement. This usage is contingent upon the franchisee fully performing and complying with all conditions, terms, and covenants of the Franchise Agreement, as well as Bor Restoration's policies and procedures prescribed from time to time. Any other use of the Marks requires Bor Restoration's prior written approval, which they may grant or deny for any reason.