What is the statute of limitations in Minnesota for commencing an action against Bombs Away?
Bombs_Away Franchise · 2024 FDDAnswer from 2024 FDD Document
- The Limitations of Claims section must comply with Minnesota Statutes, Section 80C.17, Subd. 5, which states "No action may be commenced pursuant to this Section more than three years after the cause of action accrues."
Source: Item 23 — RECEIPTS (FDD pages 36–117)
What This Means (2024 FDD)
According to the 2024 Bombs Away Franchise Disclosure Document, the statute of limitations in Minnesota for commencing an action is three years. Specifically, the FDD states that the Limitations of Claims section must comply with Minnesota Statutes, Section 80C.17, Subd. 5, which indicates that "No action may be commenced pursuant to this Section more than three years after the cause of action accrues."
This means that a Bombs Away franchisee in Minnesota has three years from the date the cause of action occurs to bring a lawsuit against Bombs Away. If the franchisee waits longer than three years, they may be barred from pursuing the claim. This limitation applies to actions brought under Section 80C.17 of the Minnesota Statutes, which likely covers claims related to violations of the Minnesota Franchise Act.
It is important for prospective Bombs Away franchisees in Minnesota to understand this limitation, as it could impact their ability to seek legal recourse if they believe Bombs Away has violated the franchise agreement or the law. Franchisees should consult with an attorney to understand their rights and the applicable statute of limitations for any potential claims.