Regarding the Bft Multi-Unit Agreement, what section is modified by adding to the end of Section 12.K?
Bft Franchise · 2025 FDDAnswer from 2025 FDD Document
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- Limitation of Actions. The following is added to the end Section 12.K (Limitation of Actions) of the Multi-Unit Agreement:
; provided, however, that Minnesota law provides that no action may be commenced under Minn. Stat. Sec. 80C.17 more than 3 years after the cause of action accrues.
Source: Item 17 — RENEWAL, TERMINATION, TRANSFER AND DISPUTE RESOLUTION (FDD pages 57–66)
What This Means (2025 FDD)
According to Bft's 2025 Franchise Disclosure Document, Section 12.K, which pertains to the Limitation of Actions, of the Multi-Unit Agreement is modified. Specifically, for Multi-Unit Agreements used in New York, the following is added to the end of Section 12.K: Minnesota law dictates that no action may be commenced under Minn. Stat. Sec. 80C.17 more than 3 years after the cause of action accrues.
In practical terms, this means that for Bft multi-unit developers operating in New York, any legal claims under Minnesota Statutes chapter 80C must be initiated within three years from when the cause of action arises. This modification ensures that the statute of limitations aligns with Minnesota law, providing clarity on the timeframe within which a developer can bring a claim.
This is particularly important for prospective Bft multi-unit developers in New York as it sets a clear deadline for legal action related to franchise matters governed by Minnesota law. Franchisees should be aware of this limitation to ensure they do not forfeit their rights by failing to act within the prescribed period. It is advisable for franchisees to consult with legal counsel to fully understand their rights and obligations under both the Multi-Unit Agreement and applicable state laws.