Can Crown Gold Exchange require Minnesota franchisees to consent to judgment notes?
Crown_Gold_Exchange Franchise · 2024 FDDAnswer from 2024 FDD Document
Minnesota Statutes, Section 80C.21 and Minnesota Rules 2860.4400(J) prohibit the franchisor from requiring litigation to be conducted outside Minnesota, requiring waiver of a jury trial, or requiring the franchisee to consent to liquidated damages, termination penalties or judgment notes. In addition, nothing in the Franchise Disclosure Document or agreement(s) can abrogate or reduce (1) any of the franchisee's rights as provided for in Minnesota Statutes, Chapter 80C or (2) franchisee's rights to any procedure, forum, or remedies provided for by the laws of the jurisdiction.
Source: Item 22 — CONTRACTS (FDD pages 38–39)
What This Means (2024 FDD)
According to Crown Gold Exchange's 2024 Franchise Disclosure Document, Crown Gold Exchange is prohibited from requiring Minnesota franchisees to consent to judgment notes.
Specifically, Minnesota Statutes, Section 80C.21 and Minnesota Rules 2860.4400(J) explicitly forbid Crown Gold Exchange from mandating that franchisees consent to judgment notes. This protection is in place to safeguard the rights and interests of franchisees operating within the state of Minnesota.
Furthermore, the FDD states that nothing within the document or any agreements can reduce any of the franchisee's rights as provided for in Minnesota Statutes, Chapter 80C. This reinforces the protection against being required to consent to judgment notes and ensures that Minnesota franchisees retain all rights and remedies available to them under Minnesota law.