Where is the copy of the 7 Brew surety bond on file in Maryland?
7_Brew Franchise · 2025 FDDAnswer from 2025 FDD Document
EMENTS RELATING TO THE SALE OF THE FRANCHISE. THIS OFFERING CIRCULAR CONTAINS A SUMMARY ONLY OF CERTAIN MATERIAL PROVISIONS OF THE FRANCHISE AGREEMENT. THE CONTRACT OR AGREEMENT SHOULD BE REFERRED TO FOR A STATEMENT OF ALL RIGHTS, CONDITIONS, RESTRICTIONS AND OBLIGATIONS OF BOTH THE FRANCHISOR AND THE FRANCHISEE.**
- Exhibit I (Franchisee Representations) to the Franchise Disclosure Doc
Source: Item 22 — CONTRACTS (FDD pages 82–83)
What This Means (2025 FDD)
According to the 2025 FDD, a copy of 7 Brew's surety bond is on file with the Maryland Office of the Attorney General, Securities Division, located at 200 St. Paul Place, Baltimore, Maryland 21202. This requirement was put in place by the Maryland Securities Commissioner due to the franchisor's financial condition. The surety bond secured is in the amount of $850,000 from Travelers Casualty and Surety Company of America.
This means that if a 7 Brew franchisee in Maryland has claims against the company related to franchise regulations, they have some assurance of compensation up to $850,000 through the surety bond. The bond acts as a financial guarantee that 7 Brew will comply with Maryland's franchise laws.
Prospective franchisees should note the specific location of the bond filing in case they need to access it for any reason. It is also important to understand the conditions under which the bond can be claimed and the process for doing so, which would typically involve demonstrating a violation of the Maryland Franchise Registration and Disclosure Law.