factual

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 FDD

Answer from 2025 FDD Document

    1. 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.

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.