factual

Which sections of the Cool Binz Franchise Agreement are modified by Section 14-216(c)(25) of the Maryland Franchise Registration and Disclosure Law regarding dispute resolution?

Cool_Binz Franchise · 2025 FDD

Answer from 2025 FDD Document

Pursuant to Section 14-216(c)(25) of the Maryland Franchise Registration and Disclosure Law, the following is added at the end of Sections 15.F. and 15.H. of the Agreement:

You may bring a lawsuit in Maryland for claims arising under the Maryland Franchise Registration and Disclosure Law.

Source: Item 23 — RECEIPTS (FDD pages 63–238)

What This Means (2025 FDD)

According to Cool Binz's 2025 Franchise Disclosure Document, Section 14-216(c)(25) of the Maryland Franchise Registration and Disclosure Law modifies Sections 15.F. and 15.H. of the Franchise Agreement regarding dispute resolution procedures. Specifically, it adds a provision allowing franchisees to bring a lawsuit in Maryland for claims arising under the Maryland Franchise Registration and Disclosure Law. This ensures that Cool Binz franchisees are able to pursue legal action within their state for specific franchise-related claims.

This modification is important for prospective Cool Binz franchisees in Maryland because it clarifies their legal rights and provides a local venue for resolving disputes related to the franchise agreement. Without this provision, franchisees might be required to pursue legal action in a different jurisdiction, which could be more costly and inconvenient. The inclusion of this clause demonstrates Cool Binz's compliance with Maryland franchise law and provides an added layer of protection for franchisees operating in that state.

It is fairly common for franchise agreements to be modified by state-specific addenda to comply with local laws. Franchisees should carefully review any state-specific addenda to understand how the standard franchise agreement is modified in their state. Prospective Cool Binz franchisees should consult with a legal professional to fully understand their rights and obligations under the franchise agreement and any applicable state laws.

Disclaimer: This information is extracted from the 2025 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.