What is the purpose of the Minnesota Rider to the Bombs Away Franchise Agreement?
Bombs_Away Franchise · 2024 FDDAnswer from 2024 FDD Document
- The franchisee cannot consent to the franchisor obtaining injunctive relief.
The franchisor may seek injunctive relief.
See Minn.
Rules 2860.4400J.
Also, a court will determine if a bond is required.
- The Limitations of Claims section must comply with Minnesota Statutes, Section 80C.17, Subd. 5, and therefore the applicable provision of the Agreement is amended to state "No action may be commenced pursuant to Minnesota Statutes, Section 80C.17 more than three years after the cause of action accrues."
Source: Item 22 — CONTRACTS (FDD pages 35–36)
What This Means (2024 FDD)
According to the 2024 Bombs Away Franchise Disclosure Document, the Minnesota Rider to the Franchise Agreement addresses specific legal requirements within the state of Minnesota. It clarifies certain aspects of the franchise agreement to ensure compliance with Minnesota law.
Specifically, the rider states that the franchisee cannot consent to the franchisor obtaining injunctive relief, although the franchisor may seek it. A court will determine if a bond is required in such cases. Additionally, the Limitations of Claims section must comply with Minnesota Statutes, Section 80C.17, Subd. 5, amending the agreement to state that "No action may be commenced pursuant to Minnesota Statutes, Section 80C.17 more than three years after the cause of action accrues."
In essence, the Minnesota Rider modifies the standard Bombs Away franchise agreement to align with Minnesota's franchise laws, particularly concerning injunctive relief and the statute of limitations for claims. This ensures that Bombs Away franchisees in Minnesota have the protections and rights afforded to them under state law.