factual

What does the term 'Illinois Act' refer to in the Spray Net franchise agreement?

Spray_Net Franchise · 2025 FDD

Answer from 2025 FDD Document

The following are revisions to the Franchise Agreement:

    1. Definitions. Capitalized terms used but not defined in this Rider have the meanings given in the Agreement. The "Illinois Act" means the Illinois Franchise Disclosure Act of 1987.

Source: Item 23 — RECEIPTS (FDD pages 75–219)

What This Means (2025 FDD)

According to Spray Net's 2025 Franchise Disclosure Document, the term "Illinois Act" refers to the Illinois Franchise Disclosure Act of 1987. This definition is crucial for franchisees operating in Illinois as it clarifies which specific state laws govern the franchise agreement.

The Illinois Addendum to the Franchise Agreement includes several revisions and stipulations related to the Illinois Act. These provisions address aspects such as governing law and jurisdiction, limitations of claims, and waivers. Specifically, the agreement states that it is governed by Illinois law, and parties submit to the jurisdiction and venue of federal and state courts in Illinois, except for matters involving arbitration.

Furthermore, any condition that requires a franchisee to waive compliance with the Illinois Act or any other Illinois law is considered void. This protection ensures that franchisees cannot unknowingly or unwillingly surrender their rights under Illinois law. The addendum also specifies a limitation on claims related to violations of the Illinois Act, requiring that actions be brought within a certain timeframe, which is the earliest of three years from the violation, one year after the franchisee becomes aware of a potential claim, or 90 days after receiving written notice of the violation.

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.