Which article of the Bombs Away Franchise Agreement applies to dispute resolution for the Guaranty?
Bombs_Away Franchise · 2024 FDDAnswer from 2024 FDD Document
The provisions of Article 17 (Dispute Resolution) of the Franchise Agreement apply to and are incorporated into this Guaranty as if fully set forth herein.
Source: Item 22 — CONTRACTS (FDD pages 35–36)
What This Means (2024 FDD)
According to Bombs Away's 2024 Franchise Disclosure Document, Article 17 of the Franchise Agreement, which pertains to dispute resolution, is incorporated into the Guaranty agreement. This means that any disputes arising under the Guaranty will be subject to the same dispute resolution process outlined in Article 17 of the Franchise Agreement.
Specifically, the FDD states that the provisions of Article 17 apply to and are incorporated into the Guaranty as if fully set forth in the Guaranty itself. This inclusion ensures that all parties involved, including the Guarantor, are bound by the same methods of resolving conflicts, such as arbitration or other procedures detailed in Article 17.
For a prospective Bombs Away franchisee, this means that if a dispute arises concerning the Guaranty, the resolution process will follow Article 17 of the Franchise Agreement. It is important for the franchisee and the guarantor to carefully review Article 17 to understand the specific steps and requirements for resolving disputes, including any arbitration clauses, mediation requirements, or choice of law provisions.