factual

What acceptance is waived by the Guarantor under the Crab N Spice Guaranty?

Crab_N_Spice Franchise · 2024 FDD

Answer from 2024 FDD Document

| | (6) | Waiver of Trial by Jury: Franchisee and any Guarantor do not waive a trial by jury. | | | (7) | Waiver of Exemplary and | | | Punitive Damages: The parties do not waive exemplary | | | and punitive damages. | | (8) | General Release: Franchisee and any Guarantor are not required to sign a general

Source: Item 22 — CONTRACTS (FDD pages 50–51)

What This Means (2024 FDD)

Based on the 2024 Crab N Spice Franchise Disclosure Document, the North Dakota Rider to the Franchise Agreement specifies certain waivers that are not required of the franchisee or any guarantor.

Specifically, the North Dakota Rider states that neither the franchisee nor any guarantor is required to waive a trial by jury. This means that in any legal dispute related to the franchise agreement in North Dakota, both the franchisee and the guarantor retain their right to have the case decided by a jury rather than a judge.

Additionally, the franchisee and any guarantor are not required to waive exemplary and punitive damages. This ensures that they can still seek these types of damages in legal proceedings if the situation warrants it under North Dakota law. The rider also clarifies that the franchisee and any guarantor are not required to sign a general release upon renewal of the agreement, protecting them from unknowingly releasing claims they may have against Crab N Spice.

Disclaimer: This information is extracted from the 2024 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.