factual

Does the general release required for renewal, sale, or assignment/transfer of a Casiola franchise apply to liability under the Maryland Franchise Registration and Disclosure Law?

Casiola Franchise · 2024 FDD

Answer from 2024 FDD Document

The general release required as a condition of renewal, sale, and/or assignment/transfer shall not apply to any liability under the Maryland Franchise Registration and Disclosure Law.

A general release required as a condition of renewal, sale and/or assignment or transfer of a Franchise Agreement shall not apply to any liability under the Maryland Franchise Registration and Disclosure Law.

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

What This Means (2024 FDD)

According to Casiola's 2024 Franchise Disclosure Document, the general release required as a condition of renewal, sale, and/or assignment/transfer of a Casiola franchise does not apply to any liability under the Maryland Franchise Registration and Disclosure Law. This means that even if a franchisee signs a general release when renewing, selling, or transferring their franchise, they do not waive their rights to pursue claims under the Maryland Franchise Registration and Disclosure Law.

This protection ensures that franchisees in Maryland retain their legal rights under state franchise law, regardless of any general releases they may sign. Casiola franchisees in Maryland can still bring a lawsuit in Maryland for claims arising under the Maryland Franchise Registration and Disclosure Law. However, any claims arising under the Maryland Franchise Registration and Disclosure Law must be brought within three years after the grant of the franchise.

This amendment to the franchise agreement specifically addresses the requirements of the Maryland Franchise Registration and Disclosure Law, providing additional clarity and protection for franchisees operating in Maryland. This type of amendment is common in franchise agreements to ensure compliance with state-specific franchise laws, which can vary significantly.

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.