What information must be included in the written demand for arbitration against Beverly Anns Cookie?
Beverly_Anns_Cookie Franchise · 2025 FDDAnswer from 2025 FDD Document
- 27.2.1 Notice of Arbitration. Either party may initiate an arbitration proceeding by making a written demand to the other party, and both parties will then be obligated to engage in arbitration. The demand for arbitration must be served on the other party within the period provided by the applicable statute of limitations, and must contain a statement setting forth the nature of the dispute, the amount involved, if any, and the remedies sought. A demand for arbitration will not operate to stay, postpone or rescind the effectiveness of any termination of this Franchise Agreement.
Source: Item 23 — RECEIPTS (FDD pages 57–235)
What This Means (2025 FDD)
According to Beverly Anns Cookie's 2025 Franchise Disclosure Document, a party initiating an arbitration proceeding must provide a written demand to the other party. This demand must be served within the applicable statute of limitations period.
The written demand must include a statement detailing the nature of the dispute, the amount of money involved (if any), and the specific remedies being sought. It is important to note that initiating a demand for arbitration does not automatically halt or reverse any termination of the Franchise Agreement that may be in effect.
Prospective Beverly Anns Cookie franchisees should understand these requirements for initiating arbitration, as failure to include the necessary information in the demand or to serve it within the statute of limitations could negatively impact their ability to resolve disputes through arbitration. Franchisees should consult with legal counsel to ensure compliance with these requirements when considering arbitration.