For claims arising under the Maryland Franchise Registration and Disclosure Laws, what is the deadline for bringing these claims after the grant of a Bonchon Area Franchise?

According to Bonchon's 2025 Franchise Disclosure Document, any claims arising under the Maryland Franchise Registration and Disclosure Laws must be brought within three years after the grant of the Area Franchise. This information is found in the Maryland Addendum to the Area Development Agreement. This addendum specifically addresses franchises offered and sold under Maryland law and supersedes any conflicting information in the standard Franchise Disclosure Document or Area Development Agreement.

This means that if a Bonchon franchisee in Maryland believes they have a claim related to franchise registration or disclosure issues, they must initiate legal action within three years of receiving the franchise grant. Failure to do so could result in the claim being time-barred, meaning the franchisee would lose their right to pursue legal recourse. This limitation period is designed to provide a reasonable timeframe for franchisees to discover and address any potential violations of Maryland's franchise laws.

It is important for prospective Bonchon franchisees in Maryland to understand this three-year limitation period and to consult with an attorney if they believe they have a claim under the Maryland Franchise Registration and Disclosure Laws. This ensures that they are aware of their rights and can take appropriate action within the required timeframe. This addendum highlights the importance of understanding state-specific regulations when investing in a franchise, as these regulations can significantly impact the terms and conditions of the franchise agreement.