In the Acknowledgement and Disclosure Statement addendum for Big Apple Bagels, what does the statement clarify regarding liability under Maryland Franchise Registration and Disclosure Law?
Big_Apple_Bagels Franchise · 2025 FDDAnswer from 2025 FDD Document
| This Addendum is to an Acknowledgement and Disclosure Statement dated , 20 | ||
|---|---|---|
| between BAB Systems, Inc. and | (Franchisee) to amend said Statement as | |
| follows: | ||
| Franchise Registration and Disclosure Law." Date: | "Nothing contained in this Statement is intended to, nor shall it act as a release, estoppel or waiver of any liability incurred under the Maryland |
Source: Item 22 — CONTRACTS (FDD pages 86–87)
What This Means (2025 FDD)
According to the 2025 Big Apple Bagels Franchise Disclosure Document, the addendum to the Acknowledgement and Disclosure Statement clarifies that nothing within the statement is intended to act as a release, estoppel, or waiver of any liability incurred under the Maryland Franchise Registration and Disclosure Law. This means that even though a franchisee signs the Acknowledgement and Disclosure Statement, they do not relinquish their rights to pursue claims under Maryland's franchise laws.
This protection is significant for prospective Big Apple Bagels franchisees in Maryland because it ensures that they retain their legal rights and remedies under state franchise law, regardless of any statements made in the Acknowledgement and Disclosure Statement. This prevents Big Apple Bagels from using the statement to shield itself from liability for violations of Maryland franchise law.
In essence, this addendum levels the playing field, ensuring that franchisees are not inadvertently waiving their rights through standard documentation. It reflects a commitment to compliance with Maryland's franchise regulations and provides franchisees with an added layer of legal security.