What does 'Gold Star' and 'we' refer to in this disclosure document?
Gold_Star Franchise · 2025 FDDAnswer from 2025 FDD Document
To simplify the language in this disclosure document "Gold Star" and "we" means Gold Star Chili, Inc., the franchisor. "You" means the person or business entity that buys this franchise (if the buyer of the franchise is a corporation, partnership or other entity, the term "you" does not include the owners of that entity).
Gold Star is an Ohio corporation that was incorporated on September 14, 1965. Gold Star does business under the name "Gold Star" and "Gold Star Chili." Gold Star does not conduct business under any other names. Gold Star's principal business address is 650 Lunken Park Drive, Cincinnati, Ohio 45226. Gold Star's agents for service of process are disclosed in Exhibit A.
Source: Item 1 — The Franchisor and any Parents, Predecessors, and Affiliates (FDD pages 7–10)
What This Means (2025 FDD)
According to Gold Star's 2025 Franchise Disclosure Document, the terms 'Gold Star' and 'we' are used to refer to Gold Star Chili, Inc., which is the franchisor offering the franchise opportunity. The term 'you' refers to the person or business entity that purchases the Gold Star franchise. However, if the buyer is a corporation, partnership, or other entity, 'you' does not include the owners of that entity. This clarification is important for understanding the responsibilities and obligations outlined in the document, as they specifically apply to the franchisee, whether an individual or a business entity.
Gold Star Chili, Inc. is an Ohio corporation that was incorporated on September 14, 1965, and it operates under the names 'Gold Star' and 'Gold Star Chili.' The franchisor's principal business address is 650 Lunken Park Drive, Cincinnati, Ohio 45226. This information is crucial for franchisees who need to contact the franchisor for any official communication or legal purposes. Knowing the precise legal definition of 'Gold Star' and 'we' ensures that all parties understand who is responsible for fulfilling the franchisor's obligations as detailed in the Franchise Disclosure Document and the Franchise Agreement.
Understanding these definitions is a fundamental aspect of reviewing the FDD. It ensures clarity and avoids potential misunderstandings regarding the roles and responsibilities of both the franchisor and the franchisee. Prospective franchisees should pay close attention to these definitions, as they form the basis for interpreting the entire document and understanding the legal relationship they are entering into with Gold Star Chili, Inc.