What is the statute of limitations for asserting a claim against Belocal, its officers, or affiliates?

According to Belocal's 2025 Franchise Disclosure Document, franchisees and their principals have a limited time to bring claims against Belocal or its associated parties. Specifically, neither the franchisee nor any of the franchisee's principals can bring a claim or initiate a cause of action against Belocal, its officers, directors, shareholders, employees, or affiliates, if it is filed more than two years after the event that originally led to the claim or cause of action. This limitation impacts the period within which a franchisee can legally pursue grievances against Belocal.

This two-year statute of limitations means that potential legal issues must be addressed promptly. Franchisees need to be aware of this timeframe and diligently pursue any claims they may have within this period to avoid losing their right to take legal action. This could involve gathering evidence, seeking legal counsel, and initiating arbitration or litigation within the specified window.

It is important for prospective Belocal franchisees to fully understand this limitation and its implications. They should consult with an attorney to discuss how this statute of limitations may affect their rights and obligations under the Franchise Agreement. Understanding this aspect of the agreement is crucial for managing potential disputes and protecting their investment in the franchise.