Which article of the Chocolate Bash Franchise Agreement applies to dispute resolution for the Guaranty?
Chocolate_Bash Franchise · 2024 FDDAnswer from 2024 FDD Document
The provisions of Article 17 (Dispute Resolution) of the Franchise Agreement apply to and are incorporated into this Guaranty as if fully set forth herein.
Source: Item 22 — CONTRACTS (FDD pages 38–39)
What This Means (2024 FDD)
According to Chocolate Bash's 2024 Franchise Disclosure Document, Article 17 of the Franchise Agreement contains the dispute resolution provisions that apply to the Guaranty. Specifically, Section 6 of the Guaranty states that the provisions of Article 17 (Dispute Resolution) of the Franchise Agreement apply to and are incorporated into the Guaranty as if fully set forth in the agreement.
This means that any disputes arising under the Guaranty will be resolved according to the procedures outlined in Article 17 of the Franchise Agreement. A guarantor should carefully review Article 17 to understand the specific steps involved in dispute resolution, such as mediation or arbitration, and the governing rules and procedures.
This incorporation ensures consistency in how disputes are handled across both the Franchise Agreement and the Guaranty. It also binds the guarantor to the same dispute resolution methods agreed upon by Chocolate Bash and the franchisee, providing a unified approach to resolving conflicts.