When does the Illinois Rider to the Bombs Away Franchise Agreement become effective?
Bombs_Away Franchise · 2024 FDDAnswer from 2024 FDD Document
- Rider is effective as of the Effective Date. Effective Date. This Agreed to by: BOMBS AWAY FRANCHISING, LLC
INDIANA RIDER TO FRANCHISE AGREEMENT
Source: Item 22 — CONTRACTS (FDD pages 35–36)
What This Means (2024 FDD)
According to Bombs Away's 2024 Franchise Disclosure Document, the Illinois Rider to the Franchise Agreement becomes effective as of the "Effective Date." The rider includes specific stipulations for franchisees in Illinois, addressing aspects of Illinois law.
The Illinois Rider modifies the standard Bombs Away Franchise Agreement to ensure compliance with the Illinois Franchise Disclosure Act of 1987. It specifies that the agreement is governed by Illinois law, and any disputes will be subject to the jurisdiction and venue of federal and state courts in Illinois, except for matters requiring arbitration.
Furthermore, the rider sets a limitation on claims, stating that no action can be maintained to enforce any liability created by the Illinois Act unless brought within three years of the act or transaction, or within one year after the franchisee becomes aware of the violation. The rider also voids any waivers that would bind the franchisee to waive compliance with the Illinois Act, ensuring franchisees retain their rights under Illinois law.