What statute of limitations applies to Bombs Away franchise agreements in North Dakota?
Bombs_Away Franchise · 2024 FDDAnswer from 2024 FDD Document
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- Limitation of Claims: Franchise Agreements that require the franchisee to consent to a limitation of claims. The statute of limitations under North Dakota law applies.
Source: Item 23 — RECEIPTS (FDD pages 36–117)
What This Means (2024 FDD)
According to Bombs Away's 2024 Franchise Disclosure Document, the North Dakota Addendum specifies that franchise agreements cannot require franchisees to consent to a limitation of claims. Instead, the statute of limitations under North Dakota law will apply.
This means that Bombs Away franchisees in North Dakota are entitled to the full protection of North Dakota's statute of limitations laws, which define the time period within which a legal claim can be filed. Bombs Away cannot contractually shorten this period.
Prospective franchisees should consult with a legal professional to understand the specific statute of limitations periods applicable to different types of claims under North Dakota law. This ensures they are aware of their rights and the timeframes for pursuing legal action if necessary.