What article of the Boulder Designs Franchise Agreement governs disputes arising out of the Guaranty?
Boulder_Designs Franchise · 2025 FDDAnswer from 2025 FDD Document
I agree that the provisions contained in Article 23 of the Franchise Agreement will apply to any dispute arising out of or relating to this Guaranty.
If Franchisor brings any legal action to enforce its rights under this Guaranty, I will reimburse Franchisor its reasonable attorneys' fees and costs.
Source: Item 22 — CONTRACTS (FDD page 50)
What This Means (2025 FDD)
According to Boulder Designs' 2025 Franchise Disclosure Document, Article 23 of the Franchise Agreement contains the provisions that will apply to any dispute arising out of or relating to the Guaranty.
Additionally, if Boulder Designs brings any legal action to enforce its rights under the Guaranty, the guarantor will reimburse Boulder Designs for its reasonable attorneys' fees and costs. This means that in addition to any other remedies Boulder Designs might seek, the guarantor is also responsible for covering Boulder Designs' legal expenses associated with enforcing the guaranty.
This clause ensures that disputes related to the Guaranty are handled according to the terms outlined in Article 23 of the Franchise Agreement, and it also provides Boulder Designs with a means to recover legal costs incurred while enforcing the Guaranty.