What Minnesota statute must the Limitations of Claims section comply with for Deka Lash franchises?
Deka_Lash Franchise · 2024 FDDAnswer from 2024 FDD Document
Also, a court will determine if a bond is required.
The Limitations of Claims section must comply with Minnesota Statutes, Section 80C.17, Subd. 5.
Source: Item 23 — RECEIPT (FDD pages 63–234)
What This Means (2024 FDD)
According to the 2024 Deka Lash Franchise Disclosure Document, the Limitations of Claims section within the franchise agreement must adhere to Minnesota Statutes, Section 80C.17, Subd. 5. This statute likely outlines specific requirements or restrictions regarding the limitations of claims that can be made by either the franchisee or Deka Lash.
This compliance ensures that the Deka Lash franchise agreement respects the legal rights and protections afforded to franchisees under Minnesota law. It prevents Deka Lash from including terms that might unfairly limit a franchisee's ability to pursue legitimate claims against the company.
Prospective Deka Lash franchisees in Minnesota should carefully review the franchise agreement, specifically the Limitations of Claims section, to ensure it complies with the referenced statute. Understanding these limitations is crucial for assessing the legal protections available to them and the potential risks associated with the franchise agreement.