OF SAID COURT AND WAIVES ANY OBJECTION FRANCHISEE MAY HAVE TO EITHER THE JURISDICTION OR VENUE OF SUCH COURT. 23.R. LIMITATIONS OF CLAIMS EXCEPT FOR CLAIMS BROUGHT BY PRETZEL TIME WITH REGARD TO FRANCHISEE'S OBLIGATIONS TO MAKE PAYMENTS TO PRETZEL TIME PURSUANT TO THIS AGREEMENT OR TO INDEMNIFY PRETZEL TIME PURSUANT TO THIS AGREEMENT, ANY AND ALL CLAIMS ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE RELATIONSHIP OF FRANCHISEE AND PRETZEL TIME PURSUANT TO THIS AGREEMENT SHALL BE BARRED UNLESS AN ACTION IS COMMENCED WITHIN: (1) TWO (2) YEARS FROM THE DATE ON WHICH THE ACT OR EVENT GIVING RISE TO THE CLAIM OCCURRED OR (2) ONE (1) YEAR FROM THE DATE ON WHICH FRANCHISEE OR PRETZEL TIME KNEW OR SHOULD HAVE KNOWN, IN THE EXERCISE OF REASONABLE DILIGENCE OF THE FACTS GIVEN RISE TO SUCH CLAIMS, WHICHEVER OCCURS FIRST. 24. ACKNOWLEDGMENTS AND REPRESENTATIONS. Franchisee acknowledges that he has read this Agreement and that he understands and accepts the terms, conditions and covenants contained in this Agreement as being reasonably necessary to maintain Pretzel Time's high quality and service and the uniformity of those standards at all Pretzel Time Units and thereby to protect and preserve the goodwill of the Marks. Pretzel Time disclaims and Franchisee acknowledges that he has not received or relied upon any representations, promises, guarantees or warranties, expressed or implied, made to induce the execution hereof or in connection herewith which is not expressly contained herein or in the disclosure statement. More specifically, Franchisee acknowledges and agrees that no person acting on behalf of Pretzel Time or its affiliated companies has made any written or oral claim, statement, assurance, promise or projection of any sort regarding the actual or prospective sales, earnings, gross profit or net profit of the franchise, which is the subject