(A) Any disputes arising under this chapter or the franchise agreement shall be settled either by commencement of a suit in county circuit court or by compulsory arbitration at the option of the village. If a franchisee feels aggrieved, it shall advise the village of any dispute it has arising out of this chapter or a franchise agreement and shall demand that the village elect whether the dispute is to be resolved by submitting it to compulsory arbitration or by commencement of a suit in the county circuit court. The village shall make its election in writing within 30 days from the receipt of such notice.
(B) If the village elects to have the dispute resolved by compulsory arbitration, it shall be settled pursuant to M.C.L.A. §§ 600.5001 et seq., M.S.A. §§ 27A.5001 et seq., with each of the parties appointing one arbitrator and the two thus appointed appointing a third.
(C) If the village fails to make such an election, any dispute between the parties may be resolved by filing of a suit in Oakland County Circuit Court.
(Ord. passed - -)