factual

How does the North Dakota Addendum amend the arbitration location for Focus Cfo?

Focus_Cfo Franchise · 2025 FDD

Answer from 2025 FDD Document

    1. Arbitration. Section 18.7 of the Franchise Agreement is amended to provide that the location of arbitration shall be at a site to which Focus CFO and Franchisee agree.

Source: Item 23 — Receipts (FDD pages 37–126)

What This Means (2025 FDD)

According to the 2025 Focus Cfo Franchise Disclosure Document, the North Dakota Addendum modifies the arbitration location specified in the standard franchise agreement. The addendum stipulates that the arbitration site must be mutually agreed upon by both Focus Cfo and the franchisee.

This amendment provides North Dakota franchisees with the flexibility to negotiate a convenient arbitration location, potentially reducing travel costs and logistical burdens. Without this addendum, the standard franchise agreement might have specified a location that is less favorable to the franchisee.

It is important for prospective Focus Cfo franchisees in North Dakota to understand that while the addendum requires mutual agreement on the arbitration location, it does not guarantee that the location will be within North Dakota. Franchisees should discuss this point with Focus Cfo during the negotiation process to ensure a mutually acceptable arrangement. Additionally, the North Dakota notice in Item 17 states that any mediation or arbitration will be held at a site agreeable to all parties.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.