How are 'we,' 'us,' and 'our' defined in the Core Group Restoration Franchising agreement?
Core_Group_Restoration_Franchising Franchise · 2025 FDDAnswer from 2025 FDD Document
THIS FRANCHISE AGREEMENT (this "Agreement") is made and entered into by CORE Group Restoration Franchising, LLC, a Texas limited liability company ("Franchisor," "CORE," "we," "us," or "our"), and the CORE Member identified on the signature block of this Agreement ("CORE Member," "you" or "your"), as of the date signed by us opposite our signature ("Effective Date"). If more than one person or entity is listed as the CORE Member, each such person or entity shall be jointly and severally liable for all rights, duties, restrictions and obligations under this Agreement.
Source: Item 22 — CONTRACTS (FDD page 55)
What This Means (2025 FDD)
According to Core Group Restoration Franchising's 2025 Franchise Disclosure Document, the terms 'Franchisor,' 'CORE,' 'we,' 'us,' or 'our' refer to CORE Group Restoration Franchising, LLC, a Texas limited liability company. This definition is found within the context of the Franchise Agreement. The agreement specifies that when these terms are used, they are referring to the company granting the franchise.
For a prospective franchisee, this means that all obligations, rights, and responsibilities attributed to 'we,' 'us,' or 'our' in the Franchise Agreement are those of CORE Group Restoration Franchising, LLC. This is a standard legal practice in franchising to clearly identify the parties involved in the contractual relationship. Understanding this definition is crucial for interpreting the various clauses within the agreement, such as those related to support, training, and brand standards.
It is important for the franchisee to recognize that CORE Group Restoration Franchising, LLC is the entity making commitments and holding certain rights. This distinction is vital for legal and business purposes, ensuring clarity in the franchisor-franchisee relationship. The franchisee should carefully review the entire Franchise Agreement to fully understand the implications of this definition in the context of their specific rights and obligations.