Which state's law governs the agreements between parties to the Crown Gold Exchange franchise in Illinois?

According to the 2024 Crown Gold Exchange Franchise Disclosure Document, the Illinois Addendum specifies that Illinois law governs the agreements between the parties to the franchise. This amendment is made in recognition of the requirements of the Illinois Franchise Disclosure Act of 1987, as amended. This means that any disputes or legal matters arising from the franchise agreement within Illinois will be subject to Illinois state laws.

This provision is significant for prospective franchisees in Illinois because it ensures that their franchise agreement is interpreted and enforced under the legal framework of their own state. It also states that any provision in a franchise agreement that designates jurisdiction or venue outside the State of Illinois is void. However, a franchise agreement may provide for arbitration outside of Illinois.

Furthermore, Section 41 of the Act provides that any condition, stipulation, or provision purporting to bind any person acquiring any franchise to waive compliance with the Act or any other law of Illinois is void. The FDD also states that your rights upon termination and non-renewal of a franchise agreement are set forth in sections 19 and 20 of the Act.