factual

What entities are considered 'Affiliates' of Buildingstars, according to the franchise agreement?

Buildingstars Franchise · 2025 FDD

Answer from 2025 FDD Document

I. DEFINITIONS

For purposes of this Agreement, the following terms shall have the meaning as set forth below and the definitions constitute an integral part of this Agreement:

  • A. "Affiliate" means any and all entities that are or may control, be controlled by, or under common ownership with BUILDINGSTARS including but not limited to Buildingstars, Inc. f/k/a Advantage Building Services, Inc.), Buildingstars Operations, Inc. (f/k/a Buildingstars STL Operations, Inc.), Buildingstars International, Inc., Green Sky Franchise Group, Inc., Facility Brands, Inc. and Green Sky Southwest, Inc.

Source: Item 22 — CONTRACTS (FDD page 43)

What This Means (2025 FDD)

According to Buildingstars's 2025 Franchise Disclosure Document, the franchise agreement defines 'Affiliate' as any entity that controls, is controlled by, or is under common ownership with Buildingstars. The agreement specifies several entities that fall under this definition. These include Buildingstars, Inc. (formerly known as Advantage Building Services, Inc.), Buildingstars Operations, Inc. (formerly known as Buildingstars STL Operations, Inc.), Buildingstars International, Inc., Green Sky Franchise Group, Inc., Facility Brands, Inc., and Green Sky Southwest, Inc.

This definition is important for prospective franchisees because it clarifies the scope of entities related to Buildingstars. Understanding which entities are considered affiliates can be crucial in various aspects of the franchise relationship, including legal matters, contractual obligations, and potential business dealings. For instance, the franchise agreement may contain provisions that extend to these affiliates, such as limitations of liability or non-compete clauses.

It is also important to note that the definition is not limited to the listed entities. The phrase 'including but not limited to' indicates that other entities may also be considered affiliates if they meet the criteria of being controlled by, controlling, or under common ownership with Buildingstars. Therefore, franchisees should be aware that the affiliate network may evolve over time.

Prospective franchisees should carefully review the franchise agreement to fully understand the implications of this definition and how it may affect their rights and responsibilities. It is advisable to seek legal counsel to ensure a comprehensive understanding of the contractual terms and the relationships between Buildingstars and its affiliates.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.