factual

Does the definition of 'Claims' for a Southern Steer franchise include requests for payment?

Southern_Steer Franchise · 2025 FDD

Answer from 2025 FDD Document

  • 30.11.

Damages. "Damages" will mean all judgments, losses, injuries, awards, reparations, penalties, interest, punitive damages, lost profits, pecuniary compensation, court costs, attorneys' fees, mediation, arbitration or litigation out-of-pocket costs, settlement payments, deposition and pre-trial costs,

mileage, Travel Expenses, investigation fees, and all other amounts paid or incurred as a result of any Claims.

Source: Item 22 — ITEM. 22 CONTRACTS (FDD pages 61–168)

What This Means (2025 FDD)

According to the 2025 Southern Steer Franchise Disclosure Document, the term "Claims" does not explicitly include requests for payment. However, the FDD does define "Damages", which includes various financial consequences resulting from claims.

Specifically, the definition of "Damages" in the Southern Steer franchise agreement encompasses a wide range of financial liabilities. This includes judgments, losses, injuries, awards, reparations, penalties, interest, punitive damages, lost profits, pecuniary compensation, court costs, attorneys' fees, mediation, arbitration or litigation out-of-pocket costs, settlement payments, deposition and pre-trial costs, mileage, travel expenses, investigation fees, and all other amounts paid or incurred as a result of any Claims.

While the term "Claims" itself is not directly defined, the broad scope of "Damages" suggests that any formal demand for payment that could lead to these types of financial repercussions would likely fall under the umbrella of a "Claim" for Southern Steer franchisees. Therefore, franchisees should be aware of any situation that could potentially lead to financial liabilities and consult with legal counsel as needed.

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.