Does the Maryland addendum supersede other terms in documents related to the Crown Gold Exchange franchise?
Crown_Gold_Exchange Franchise · 2024 FDDAnswer from 2024 FDD Document
No statement, questionnaire, or acknowledgment signed or agreed to by a franchisee in connection with the commencement of the franchise relationship shall have the effect of (i) waiving any claims under any applicable state franchise law, including fraud in the inducement, or (ii) disclaiming reliance on any statement made by any franchisor, franchise seller, or other person acting on behalf of the franchisor. This provision supersedes any other term of any document executed in connection with the franchise.
Source: Item 23 — RECEIPTS (FDD pages 39–114)
What This Means (2024 FDD)
According to the 2024 Franchise Disclosure Document, the Maryland addendum includes a provision that supersedes other terms in documents related to the Crown Gold Exchange franchise. Specifically, the addendum states that no statement, questionnaire, or acknowledgment signed by a franchisee in connection with starting the franchise can waive claims under Maryland franchise law, including claims related to fraud, or disclaim reliance on statements made by the franchisor.
This means that any clause in the franchise agreement or related documents that contradicts this provision in Maryland is superseded by the addendum. This offers additional protection to franchisees in Maryland by ensuring they cannot unknowingly or unintentionally give up their rights under Maryland franchise law through standard paperwork.
For a prospective Crown Gold Exchange franchisee in Maryland, this addendum provides an important safeguard. It ensures that franchisees retain their legal rights under Maryland franchise law, regardless of any conflicting terms in the franchise agreement or related documents. Franchisees should carefully review the Maryland addendum and understand their rights within the state.