factual

Is the arbitrator's decision in an Afuri Ramen Dumpling dispute final and binding?

Afuri_Ramen_Dumpling Franchise · 2024 FDD

Answer from 2024 FDD Document

The decision of the arbitrator made within its power or jurisdiction will be final and binding.

The decision may be entered as a judgment in any court of law having jurisdiction.

Source: Item 23 — Receipts (FDD pages 50–189)

What This Means (2024 FDD)

According to Afuri Ramen Dumpling's 2024 Franchise Disclosure Document, the arbitrator's decision is final and binding. Specifically, any controversy regarding the Franchise Agreement's interpretation, performance, or breach will be resolved through arbitration.

The arbitration process will involve a single arbitrator selected under the Commercial Dispute process and rules of the American Arbitration Association, including its supplementary procedures for international commercial arbitration. The arbitration will be conducted in English and will take place at the American Arbitration Association office closest to Afuri Ramen Dumpling's headquarters, which is currently in Portland, Oregon, USA.

This means that once the arbitrator makes a decision within their power or jurisdiction, that decision is not subject to further appeal. The decision can then be entered as a judgment in any court of law that has jurisdiction, making it legally enforceable. This clause ensures a quicker and more cost-effective resolution compared to traditional litigation, but it also means franchisees must accept the arbitrator's decision, even if they disagree with it.

Disclaimer: This information is extracted from the 2024 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.