What section of the Fly To Fit Franchise Agreement covers Dispute resolution?
Fly_To_Fit Franchise · 2024 FDDAnswer from 2024 FDD Document
| Obligation | Section in agreement | Disclosure document item | |
|---|---|---|---|
| MUDA: Not Applicable | |||
| t. Transfer | FA: Article 15 MUDA: Article 7 | Items 6 and 17 | |
| u. Renewal | FA: § 3.2 MUDA: Not Applicable | Item 17 | |
| v. Post-termination obligations | FA: Article 13, § 14.3 MUDA: Not Applicable | Item 17 | |
| w. Non-competition covenants | FA: § 13.2 MUDA: Not Applicable | Item 17 | |
| x. Dispute resolution | FA: Article 17 MUDA: Article 7 | Items 6 and 17 |
Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS, AND TRAINING (FDD pages 23–30)
What This Means (2024 FDD)
According to Fly To Fit's 2024 Franchise Disclosure Document, Article 17 of the Franchise Agreement and Article 7 of the Multi-Unit Development Agreement address dispute resolution. This information is also referenced in Items 6 and 17 of the disclosure document.
This means that if a Fly To Fit franchisee has a disagreement with the franchisor, they should refer to these sections of their agreements to understand the process for resolving the dispute. These sections likely outline procedures for mediation, arbitration, or litigation, as well as the governing laws and venue for any legal proceedings.
Prospective franchisees should carefully review these sections with legal counsel to fully understand their rights and obligations in case of a dispute. Understanding the dispute resolution process is crucial for any franchisee before signing the agreement.