In Minnesota, what statute must the Limitations of Claims section comply with for Chocolate Fish Coffee?
Chocolate_Fish_Coffee Franchise · 2024 FDDAnswer from 2024 FDD Document
The Limitations of Claims section must comply with Minnesota Statutes, Section 80C.17, Subd. 5, and therefore the applicable provision of the Agreement is amended to state "No action may be commenced pursuant to Minnesota Statutes, Section 80C.17 more than three years after the cause of action accrues."
Source: Item 23 — RECEIPTS (FDD pages 41–119)
What This Means (2024 FDD)
According to the 2024 Chocolate Fish Coffee Franchise Disclosure Document, the Limitations of Claims section within the franchise agreement must adhere to specific Minnesota statutes. Specifically, it must comply with Minnesota Statutes, Section 80C.17, Subd. 5.
To ensure compliance, the franchise agreement is amended to explicitly state that "No action may be commenced pursuant to Minnesota Statutes, Section 80C.17 more than three years after the cause of action accrues."
This amendment clarifies the timeframe within which a franchisee can bring an action under Minnesota Statutes, Section 80C.17, setting a limitation of three years from when the cause of action arises. This provision is important for prospective franchisees in Minnesota as it defines the legal timeframe they have to pursue any claims under the specified statute, ensuring they are aware of the time-sensitive nature of such actions.