In the Corcoran Franchise Disclosure Document, what does the term 'we' refer to?
Corcoran Franchise · 2025 FDDAnswer from 2025 FDD Document
To simplify the language in this disclosure document, "we," "our," or "us" means Corcoran Group LLC, the franchisor. "You" means the person or entity that buys the franchise, the franchisee. If the franchisee is a corporation, partnership or other entity, "you" includes the franchisee's owners.
Source: Item 1 — THE FRANCHISOR, AND ANY PARENTS, PREDECESSORS, AND AFFILIATES (FDD pages 9–17)
What This Means (2025 FDD)
According to Corcoran's 2025 Franchise Disclosure Document, the terms "we," "our," or "us" refer to Corcoran Group LLC, the franchisor. The document clarifies that "you" refers to the person or entity purchasing the franchise, which is the franchisee. If the franchisee is a corporation, partnership, or other entity, "you" also includes the franchisee's owners. This definition is provided to simplify the language used throughout the disclosure document.
This clarification is important for prospective franchisees as it ensures they understand who is being referred to when reading the FDD and the franchise agreement. Knowing that "we," "our," or "us" specifically means Corcoran Group LLC helps avoid confusion when reviewing obligations, rights, and responsibilities outlined in the documents.
Understanding these definitions is a fundamental aspect of comprehending the legal and operational relationship between Corcoran and its franchisees. Franchisees should pay close attention to these defined terms throughout the FDD and related agreements to fully grasp their contractual obligations and the franchisor's commitments.