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Does the Illinois Addendum prevent a person from entering into a settlement agreement regarding a lawsuit filed under the Illinois Franchise Disclosure Act related to a Crisp & Green franchise?

Crisp_Green Franchise · 2024 FDD

Answer from 2024 FDD Document

    1. Any condition, stipulation or provision purporting to bind any person acquiring a franchise to waive requirements with any provisions of the Illinois Franchise Disclosure Act or any other law of the State of Illinois is void. This shall not prevent any person from entering into a settlement agreement or executing a general release regarding a potential or actual lawsuit filed under the provisions of the Illinois Franchise Disclosure Act, nor shall it prevent the arbitration of any claims pursuant to the provisions of Title IX of the United States Code.

Source: Item 23 — RECEIPTS (FDD pages 66–252)

What This Means (2024 FDD)

According to Crisp & Green's 2024 Franchise Disclosure Document, the Illinois Addendum does not prevent a person from entering into a settlement agreement regarding a lawsuit filed under the Illinois Franchise Disclosure Act. Specifically, the addendum states that waiving compliance with the Illinois Franchise Disclosure Act is void, but this does not prevent settlement agreements or general releases regarding potential or actual lawsuits filed under the Act.

This means that while Crisp & Green franchisees in Illinois cannot be forced to waive their rights under the Illinois Franchise Disclosure Act, they are still able to voluntarily enter into settlement agreements or execute general releases to resolve disputes. This provides franchisees with the flexibility to resolve legal issues through negotiation and compromise, if they choose to do so.

Furthermore, the Illinois Addendum clarifies that it also does not prevent the arbitration of any claims pursuant to the provisions of Title IX of the United States Code. This ensures that franchisees and Crisp & Green can still agree to resolve disputes through arbitration, even if those disputes involve claims under the Illinois Franchise Disclosure Act.

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.