factual

Does the Bevaris Alliance agreement limit liability for indirect damages?

Bevaris_Alliance Franchise · 2024 FDD

Answer from 2024 FDD Document

  • 26. Limitation of liability. IN NO EVENT SHALL A PARTY OR ANY OF ITS REPRESENTATIVES BE LIABLE UNDER THIS AGREEMENT TO THE OTHER PARTY OR ANY THIRD PARTY (TO INCLUDE AFFILIATES) FOR ANY CONSEQUENTIAL, INCIDENTAL, INDIRECT, EXEMPLARY, SPECIAL OR PUNITIVE DAMAGES, INCLUDING ANY DAMAGES FOR BUSINESS INTERRUPTION, LOSS OF USE, DATA, REVENUE OR PROFIT, DOWN TIME OR OTHER ECONOMIC LOSSES WHETHER ARISING OUT OF BREACH OF CONTRACT, TORT (INCLUDING NEGLIGENCE), STRICT LIABILITY OR OTHERWISE, REGARDLESS OF WHETHER SUCH DAMAGES WERE FORESEEABLE AND WHETHER OR NOT THE BREACHING PARTY WAS ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.

Source: Item 23 — RECEIPT (FDD pages 22–88)

What This Means (2024 FDD)

According to the 2024 Bevaris Alliance Franchise Disclosure Document, the franchise agreement includes a limitation of liability clause. This clause specifies that neither party, nor their representatives, can be held liable for certain types of damages. These damages include consequential, incidental, indirect, exemplary, special, or punitive damages.

The limitation extends to damages resulting from business interruption, loss of use, data, revenue, or profit, downtime, or other economic losses. This applies regardless of whether the damages arise from breach of contract, tort (including negligence), strict liability, or other causes. The limitation holds true even if such damages were foreseeable or if the breaching party was advised of the possibility of such damages.

For a prospective Bevaris Alliance franchisee, this means that the franchisor aims to limit its financial exposure for certain types of losses that the franchisee might incur. It is important for franchisees to understand this limitation and consider obtaining appropriate insurance coverage or seeking legal advice to protect their interests, as the franchisor is not liable for the damages listed.

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.