Who is the Maryland Commissioner of Securities for Buff City Soap?
Buff_City_Soap Franchise · 2025 FDDAnswer from 2025 FDD Document
All representations requiring prospective franchisees to assent to a release, estoppel or waiver or liability are not intended to, nor shall they act as a release, estoppel or waiver of liability incurred under the Maryland Franchise Registration and Disclosure Law.
Payment of Initial Franchise/Development Fees will be deferred until Franchisor has met its initial obligations to franchisee, and franchisee has commenced doing business. This financial assurance requirement was imposed by the Maryland Office of the Attorney General Securities Division due to Franchisor's financial condition.
Source: Item 6 — , Securities Offering Fee, in the amount column is revised to state the following: (FDD pages 216–303)
What This Means (2025 FDD)
The 2025 Buff City Soap Franchise Disclosure Document (FDD) does not explicitly name the Maryland Commissioner of Securities. However, the FDD includes an addendum for use in Maryland, indicating that the state has specific franchise laws that affect the franchise agreement. This addendum addresses financial assurances required by the Maryland Office of the Attorney General Securities Division due to Buff City Soap's financial condition, and modifications to releases, estoppel, and waivers of liability under the Maryland Franchise Registration and Disclosure Law.
Specifically, the addendum states that payment of initial franchise and development fees will be deferred until Buff City Soap has met its initial obligations to the franchisee and the franchisee has commenced business. This requirement was imposed by the Maryland Office of the Attorney General Securities Division because of Buff City Soap's financial condition. The addendum also clarifies that any representations requiring prospective franchisees to waive liability are not intended to act as a release, estoppel, or waiver of liability under Maryland franchise law.
Prospective Buff City Soap franchisees in Maryland should be aware of these protections and ensure they understand their rights under Maryland's franchise laws. To obtain the specific name of the Maryland Commissioner of Securities, it is recommended that prospective franchisees directly contact the Maryland Office of the Attorney General Securities Division or consult with a franchise attorney in Maryland.