In the Endless Summer Sweets Maryland Rider, what is the definition of 'Agreement'?
Endless_Summer_Sweets Franchise · 2024 FDDAnswer from 2024 FDD Document
MARYLAND RIDER TO FRANCHISE AGREEMENT AND MULTI-UNIT DEVELOPMENT AGREEMENT
This Rider amends the Franchise and Multi-Unit Development Agreement dated (the "Agreement"), between, a ("Franchisor" ) and, 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 the Maryland Franchise Registration and Disclosure Law, Business Regulation Article, §14-206, Annotated Code of Maryland. 2. Releases, Estoppels and Waivers of Liability. All representations requiring prospective 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. 3. which provides for a period of Statute of Limitations. Any provision of the Agreement limitations for causes of action shall not apply to causes of action under the Maryland Franchise an action under such law within three years after the grant of the franchise. Law, Business Regulation Article, §14-227, Annotated Code of Maryland. Franchisee must bring 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. This Rider is effective as of the Effective Date. Effective Date. Agreed to by: Date:
Date:
Source: Item 23 — RECEIPTS (FDD pages 39–125)
What This Means (2024 FDD)
According to Endless Summer Sweets' 2024 Franchise Disclosure Document, the Maryland Rider to the Franchise Agreement defines "Agreement" as the Franchise and Multi-Unit Development Agreement dated between the Franchisor and Franchisee. The rider specifies that capitalized terms not defined within the rider itself carry the meanings assigned to them in the original Agreement. This ensures consistency and clarity in interpreting the legal obligations of both parties under the franchise arrangement.
This definition is crucial for Maryland franchisees because it establishes the primary document governing their relationship with Endless Summer Sweets. The rider serves to amend specific provisions of this master agreement to comply with Maryland franchise law. Franchisees must understand how the rider modifies the original agreement to fully grasp their rights and responsibilities.
Specifically, the Maryland Rider addresses aspects such as releases, estoppels, waivers of liability, statutes of limitations, and jurisdiction, ensuring that these provisions align with Maryland law. By referencing the "Agreement" in this context, the rider integrates these modifications into the broader framework of the franchise relationship, as defined by the original Franchise and Multi-Unit Development Agreement.