According to the Petro Stopping Center franchise agreement, what does 'we', 'us', or 'our' refer to?
Petro_Stopping_Center Franchise · 2025 FDDAnswer from 2025 FDD Document
For purposes of this Agreement, "we", "us" or "our" means Petro Franchise Systems, LLC, our successors and assigns; "you" or "your" means the Franchisee named above, and any or all of its Principal Owners.
Source: Item 4 — Other Owners: (FDD pages 228–302)
What This Means (2025 FDD)
According to Petro Stopping Center's 2025 Franchise Disclosure Document, the terms 'we', 'us', or 'our' refer to Petro Franchise Systems, LLC, including its successors and assigns. This definition is important for franchisees to understand because it clarifies who exactly is making the commitments and holding the rights within the franchise agreement.
For a prospective franchisee, this means that Petro Franchise Systems, LLC is the entity with whom they are contracting. Any rights or obligations assigned to 'we', 'us', or 'our' in the agreement are those of Petro Franchise Systems, LLC. Furthermore, this definition extends to any successors or assigns of Petro Franchise Systems, LLC, meaning that if the company is sold or its rights are transferred, the new entity will also be bound by the terms of the agreement.
Understanding this definition is crucial for interpreting the franchise agreement accurately and knowing who to contact or hold accountable for various aspects of the franchise relationship. Franchisees should be aware of this definition and how it might change if Petro Franchise Systems, LLC undergoes a merger, acquisition, or other corporate restructuring.