What sections of the Bft Multi-Unit Agreement regarding waiver of class actions and limitation of actions have additions related to North Dakota Law?
Bft Franchise · 2025 FDDAnswer from 2025 FDD Document
- Waiver of Class Actions; Limitation of Actions. The following is added to the end of Sections 12.I (Waiver of Class Actions) and 12.K (Limitation of Actions) of the Multi-Unit Agreement:
The statutes of limitations under North Dakota Law applies with respect to claims arising under the North Dakota Franchise Investment Law.
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, there are specific additions to the Multi-Unit Agreement concerning waiver of class actions and limitation of actions for franchisees in North Dakota. These additions are found in Sections 12.I (Waiver of Class Actions) and 12.K (Limitation of Actions) of the Multi-Unit Agreement.
Specifically, the FDD states that the statutes of limitations under North Dakota Law apply to claims arising under the North Dakota Franchise Investment Law. This means that the time frame within which a franchisee can bring a legal claim related to the franchise investment is governed by North Dakota law, potentially differing from the standard terms in Bft's Multi-Unit Agreement.
This modification is important for prospective Bft franchisees in North Dakota because it ensures that their rights under the North Dakota Franchise Investment Law are protected with respect to the time limits for filing claims. Franchisees should consult with a legal professional to fully understand the implications of North Dakota law on the statutes of limitations and their rights under the franchise agreement.