What does 'we', 'us', or 'our' refer to in the Desi District Franchise Disclosure Document?
Desi_District Franchise · 2024 FDDAnswer from 2024 FDD Document
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In this disclosure document, "we", "us," or "our" refers to Desi District Franchise Group, LLC. "You" means the person to whom we grant a franchise. If you are a corporation, limited liability company, or other entity, each owner of the franchise entity must sign our Guaranty and Non-Compete Agreement, which means that all of the franchise agreement's provisions also will apply to your owners.
Us, Any Parents, and Certain Affiliates
Our name is Desi District Franchise Group, LLC. Our principal business address is 13389 Marmolada Drive, Frisco, TX 75035. We do not have any parent entities. We do not have any affiliates that offer franchises in any line of business. We do have an Affiliate that provides products to our Franchisees.
Source: Item 1 — THE FRANCHISOR AND ANY PARENTS, PREDECESSORS, AND AFFILIATES (FDD pages 9–12)
What This Means (2024 FDD)
According to Desi District's 2024 Franchise Disclosure Document, the terms "we", "us," or "our" refer to Desi District Franchise Group, LLC. The document also clarifies that "you" refers to the person or entity to whom Desi District grants a franchise. If the franchisee is a corporation, limited liability company, or other entity, each owner of that entity must sign Desi District's Guaranty and Non-Compete Agreement, making them subject to all provisions of the franchise agreement. This is a standard practice in franchising to ensure that all individuals with a controlling interest in the franchise are bound by the agreement's terms.
Desi District Franchise Group, LLC, based in Frisco, TX, is the entity offering the franchise opportunity. The document specifies that Desi District does not have any parent entities, but it does have an affiliate that provides products to its franchisees. This affiliate relationship is important for prospective franchisees to understand, as it may impact the supply chain and product sourcing for their Desi District franchise.
Understanding these definitions is crucial for interpreting the Franchise Disclosure Document accurately. Franchisees should pay close attention to which entity is making specific promises or imposing obligations throughout the document. For example, if a section states "we will provide training," it means Desi District Franchise Group, LLC, is responsible for providing that training. Similarly, if a section states "you must comply with these standards," it means the franchisee is obligated to meet those standards. This clarity helps avoid confusion and ensures both parties understand their respective roles and responsibilities under the franchise agreement.