Which article of the Desi District Franchise Agreement applies to dispute resolution for the Guaranty?
Desi_District Franchise · 2024 FDDAnswer from 2024 FDD Document
The provisions of Article 17 (Dispute Resolution) of the Franchise Agreement apply to and are incorporated into this Guaranty as if fully set forth herein.
Source: Item 22 — CONTRACTS (FDD page 52)
What This Means (2024 FDD)
According to Desi District's 2024 Franchise Disclosure Document, Article 17 of the Franchise Agreement, which pertains to dispute resolution, is incorporated into the Guaranty agreement. This means that the dispute resolution processes outlined in Article 17 of the Franchise Agreement also apply to disputes arising under the Guaranty.
The Guaranty agreement specifies that the provisions of Article 17 are included as if they were fully detailed within the Guaranty itself. This ensures that all parties, including the Guarantor, are subject to the same dispute resolution methods, such as arbitration, as the franchisee and Desi District.
Article 17 covers various aspects of dispute resolution, including arbitration, injunctive relief, intellectual property claims, confidentiality, performance during arbitration or litigation, damages, waiver of class actions, time limitations, venue other than arbitration, and legal costs. Therefore, a guarantor should become familiar with Article 17 of the Franchise Agreement.