What is the name of the company receiving the franchise in the Maryland Rider to Franchise Agreement for Desi District?
Desi_District Franchise · 2024 FDDAnswer from 2024 FDD Document
Delaware Limited Liability (the "Agreement"), between Desi District Franchise Group, LLC, a ("Desi District Franchise Group") and Company , a ("Franchisee"). 1. Definitions. Capitalized terms used but not defined in this Rider have the meanings given in the Agreement. The "Maryland Franchise Law" means Disclosure Law, Business Regulation Article, §14-206, Annotated Code of Maryland. the Maryland Franchise Registration and 2. Releases, Estoppels and Waivers of Liability. franchisees to assent to a release, estoppel or waiver of liability are not intended to nor shall they act as a release, estoppel or waiver of any liability incurred under the Maryland Franchise Law. All representations requiring prospective 3. Statute of Limitations. Any provision of the Agreement limitations for causes of action shall not apply to causes of action under the Maryland Franchise Law, Business Regulation Article, §14-227, Annotated Code of Maryland. Franchisee must bring an action under such law within three years after the grant of the franchise. which provides for a period of 4. Jurisdiction. Franchisee does not waive its right to file a lawsuit alleging a cause of action Maryland. arising under the Maryland Franchise Law in any court of competent jurisdiction in the State of 5. Effective Date. Agreed to by: This Rider is effective as of the Effective Date. FRANCHISEE: LLC DESI DISTRICT FRANCHISE GROUP,
Source: Item 23 — RECEIPTS (FDD pages 52–140)
What This Means (2024 FDD)
According to the 2024 Desi District Franchise Disclosure Document, the Maryland Rider to Franchise Agreement is between Desi District Franchise Group, LLC and a company referred to as "Franchisee". The document does not provide the specific name of the company receiving the franchise in the Maryland Rider to Franchise Agreement. The agreement refers to the franchisee as "Company".
Prospective franchisees should note that the actual name of the franchisee would be inserted in the agreement when it is executed. The agreement defines capitalized terms, and the Maryland Franchise Law is defined as the Maryland Franchise Registration and Disclosure Law, Business Regulation Article, §14-206, Annotated Code of Maryland.
It is important for a prospective franchisee to review the entire agreement and all riders carefully to understand their rights and obligations under both the franchise agreement and applicable state laws. If a franchisee has specific questions about the Maryland Rider, they should seek clarification from Desi District prior to signing the agreement.