factual

What amendment is added to Article 18.I of the Casiola Franchise Agreement regarding limitations of claims for Casiola franchisees?

Casiola Franchise · 2024 FDD

Answer from 2024 FDD Document

Article 18.I. of the Franchise Agreement, under the heading "Limitations of Claims," shall be amended by the addition of the following statement added to Article 18.I. of the Franchise Agreement:

Any claims arising under the Maryland Franchise Registration and Disclosure Law must be brought within three years after the grant of the franchise.

Source: Item 23 — RECEIPTS (FDD pages 47–209)

What This Means (2024 FDD)

According to the 2024 Casiola Franchise Disclosure Document, Article 18.I, concerning "Limitations of Claims," is amended for Maryland franchisees. The amendment specifies that any claims arising under the Maryland Franchise Registration and Disclosure Law must be initiated within three years from the date the franchise was granted.

This amendment means that a Casiola franchisee in Maryland has a defined period to bring legal action related to franchise law violations. If a franchisee waits longer than three years after the franchise grant date to file a claim, they may lose their right to sue under the Maryland Franchise Registration and Disclosure Law.

For prospective Casiola franchisees in Maryland, this amendment highlights the importance of understanding their rights under Maryland franchise law and acting promptly if they believe those rights have been violated. It is advisable to consult with an attorney experienced in franchise law to ensure any potential claims are filed within the stipulated timeframe. This amendment does not apply to franchisees outside of Maryland, who may be subject to different statutes of limitations as outlined in their respective state laws.

Disclaimer: This information is extracted from the 2024 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.