In the Chem-Dry FDD, what do the terms 'CDI', 'we', or 'us' refer to?
Chem_Dry Franchise · 2024 FDDAnswer from 2024 FDD Document
The Franchisor is Chem-Dry, Inc., formerly known as Harris Research, Inc., which will be referred to as "CDI", "we" or "us" in this disclosure document. We will refer to the person who buys the franchise as "you" throughout the disclosure document.
Source: Item 1 — THE FRANCHISOR AND ANY PARENTS, PREDECESSORS AND AFFILIATES (FDD pages 9–14)
What This Means (2024 FDD)
According to Chem-Dry's 2024 Franchise Disclosure Document, the terms 'CDI,' 'we,' or 'us' refer to Chem-Dry, Inc., formerly known as Harris Research, Inc. This is explicitly stated to clarify who the franchisor is within the document. The document also states that the person who buys the franchise will be referred to as 'you'.
This definition is crucial for a prospective franchisee because it establishes the identity of the franchisor, the entity with whom they will be entering a legal agreement. Understanding this definition helps in correctly interpreting the obligations, rights, and responsibilities outlined in the Franchise Agreement. Any mention of 'CDI,' 'we,' or 'us' throughout the FDD should be understood as referring directly to Chem-Dry, Inc.
Knowing the precise legal entity behind the Chem-Dry franchise is essential for due diligence. Franchisees should verify the franchisor's corporate standing, history, and any legal proceedings involving the company. This information can provide insights into the stability and reliability of the franchise system.