Does a general release required for renewal, sale, or assignment/transfer of a Deka Lash franchise apply to liabilities under the Maryland Franchise Registration and Disclosure Law?
Deka_Lash Franchise · 2024 FDDAnswer from 2024 FDD Document
ent financial condition, the Illinois Attorney General's Office has required a financial assurance which is being satisfied by posting a surety bond which we filed with the Illinois Attorney General's Office."
MARYLAND ADDENDUM TO THE DISCLOSURE DOCUMENT
As to franchises governed by the Maryland Franchise Registration and Disclosure Law, if any of the terms of the Disclosure Document are inconsistent with the terms below, the terms below control.
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- Item 17.b.
Source: Item 23 — RECEIPT (FDD pages 63–234)
What This Means (2024 FDD)
According to Deka Lash's 2024 Franchise Disclosure Document, the general release required as a condition of renewal, sale, and/or assignment/transfer does not apply to any liability under the Maryland Franchise Registration and Disclosure Law. This information is specifically outlined in the Maryland Addendum to both the Disclosure Document and the Franchise Agreement.
This provision protects Deka Lash franchisees in Maryland from unknowingly waiving their rights under Maryland franchise law when signing a general release. This means that even if a franchisee signs a release as part of a renewal, sale, or transfer, they still retain the right to pursue claims against the franchisor for violations of the Maryland Franchise Registration and Disclosure Law.
This protection is significant because Maryland franchise law provides certain rights and remedies to franchisees, and this addendum ensures that franchisees do not inadvertently relinquish those rights. Prospective franchisees in Maryland should take note of this addendum, as it offers an additional layer of legal protection compared to franchisees in states without such specific provisions.