Does the Buns On Fire release agreement specify a time limit for claims being released?
Buns_On_Fire Franchise · 2025 FDDAnswer from 2025 FDD Document
Any claims arising under the Maryland Franchise Registration and Disclosure Laws must be brought within three (3) years after the grant of the Franchise.
Source: Item 23 — RECEIPTS (FDD pages 49–200)
What This Means (2025 FDD)
According to the 2025 Buns On Fire Franchise Disclosure Document, the standard release agreement does not specify a time limit for claims being released. However, the Maryland Addendum to the Franchise Agreement states that any claims arising under the Maryland Franchise Registration and Disclosure Laws must be brought within three years after the grant of the franchise. This addendum applies specifically to franchises offered and sold under the laws of Maryland.
For franchisees in Maryland, this three-year limitation provides a defined period within which they must bring any claims related to franchise registration and disclosure laws. Outside of Maryland, the standard release agreement appears to have no explicit time limit, which could mean that the release is intended to cover all claims, regardless of when they arise, subject to applicable statutes of limitations under state law.
Prospective franchisees should be aware of the specific addenda that apply to their state, as these can modify the standard terms of the franchise agreement. It is important for franchisees to consult with legal counsel to understand the full scope and implications of any release agreements, including any time limitations or exceptions that may apply based on their location.