factual

Can the time limit to resolve a Closet Storage Concepts dispute after mediation be extended?

Closet_Storage_Concepts Franchise · 2025 FDD

Answer from 2025 FDD Document

If the parties are unable to resolve the claim, controversy or dispute within ninety (90) days after the mediator has been chosen, then, unless such time is extended by written agreement of the parties, either party may institute litigation.

Source: Item 22 — CONTRACTS (FDD page 59)

What This Means (2025 FDD)

According to Closet Storage Concepts' 2025 Franchise Disclosure Document, if the parties involved in a claim, controversy, or dispute are unable to resolve it within 90 days after the mediator is chosen, either party may initiate litigation. However, this 90-day period can be extended if both parties agree to do so in writing.

This means that a Closet Storage Concepts franchisee and the franchisor have the option to prolong the mediation process beyond the initial 90 days if they believe further negotiation could lead to a resolution. This flexibility can be beneficial, as it allows more time for complex issues to be addressed and potentially avoid the costs and time associated with litigation.

It is important for a prospective Closet Storage Concepts franchisee to understand that any extension of the 90-day mediation period requires a written agreement from both parties. If one party is unwilling to extend the time, the other party must either accept the outcome of the mediation or proceed with litigation after the 90-day period expires.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.