What is the statute of limitations for claims arising under the Maryland Franchise Registration and Disclosure Law for a Best Brains franchise?
Best_Brains Franchise · 2025 FDDAnswer from 2025 FDD Document
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- Item 17.v. is modified to also provide, "Any claims arising under the Maryland Franchise Registration and Disclosure Law must be brought within 3 years after the grant of the franchise."
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 42)
What This Means (2025 FDD)
According to Best Brains' 2025 Franchise Disclosure Document, there is a specific statute of limitations for claims arising under the Maryland Franchise Registration and Disclosure Law. If a Best Brains franchisee intends to bring a lawsuit in Maryland for claims arising under this law, they must do so within a specific timeframe.
Specifically, any claims arising under the Maryland Franchise Registration and Disclosure Law must be brought within 3 years after the grant of the franchise. This means that the franchisee has a 3-year window from the date they are granted the franchise to file any such claims.
This provision is important for prospective franchisees in Maryland to understand, as it sets a clear deadline for pursuing legal action related to the franchise agreement under Maryland law. Failure to bring a claim within this 3-year period could result in the franchisee losing their right to sue for any violations of the Maryland Franchise Registration and Disclosure Law.