What Minnesota statute must the Limitations of Claims section comply with for Chesters franchises?
Chesters Franchise · 2025 FDDAnswer from 2025 FDD Document
The Limitations of Claims section must comply with Minnesota Statute 80C.17 Subd. 5.
Source: Item 23 — **RECEIPTS (FDD pages 48–197)
What This Means (2025 FDD)
According to Chesters's 2025 Franchise Disclosure Document, the Limitations of Claims section within the franchise agreement must adhere to Minnesota Statute 80C.17 Subd. 5. This statute likely outlines specific requirements or restrictions regarding the limitations of claims that can be made by either the franchisor or the franchisee.
For a prospective Chesters franchisee in Minnesota, this means that any clause attempting to limit their ability to bring claims against Chesters must comply with the stipulations set forth in Minnesota Statute 80C.17 Subd. 5. This could cover aspects such as the time frame within which a claim must be filed, the types of claims that can be limited, or any specific disclosures that must be made to the franchisee regarding these limitations.
It is important for potential franchisees to carefully review the Limitations of Claims section in conjunction with the referenced Minnesota statute to fully understand their rights and obligations. Consulting with a legal professional experienced in franchise law is advisable to ensure full comprehension of the implications of this statute and how it affects their specific circumstances as a Chesters franchisee in Minnesota.