What claims will any release executed in connection with the Floyds 99 Development Agreement NOT apply to?
Floyds_99 Franchise · 2025 FDDAnswer from 2025 FDD Document
| | | arise under the Minnesota Franchise Act. | Any release executed in connection herewith will not apply to any claims that may | | | 1. | The following statement is added at the end of Section 8.2.f: | | | | | apply to any liability under the Maryland Franchise Registration and Disclosure Law. | Pursuant to the Code of Maryland Regulations (COMAR) 02.02.08.16L, the | | | | | general release required as a condition of renewal, sale and/or assignment/transfer shall not | | 5. | In conformance with Section 41 of the Illinois Franchise Disclosure Act, any condition, | | the Illinois Franchise disclosure Act or any other law of Illinois is void. | stipulation or provision purporting to bind any person acquiring any franchise to waive compliance with |
Source: Item 23 — RECEIPT (FDD pages 58–229)
What This Means (2025 FDD)
According to the 2025 Floyds 99 FDD, a rider to the Development Agreement specifies that any release executed in connection with the agreement will not apply to claims arising under the Minnesota Franchise Act. This provision ensures that franchisees in Minnesota retain their rights and protections under state franchise law, even if they sign a general release as part of the agreement.
Similarly, for franchisees in Maryland, the FDD states that the general release required as a condition of renewal, sale, or assignment/transfer will not apply to any liability under the Maryland Franchise Registration and Disclosure Law. Furthermore, any representations requiring prospective franchisees to assent to a release, estoppel, or waiver of liability will not act as a release, estoppel, or waiver of any liability incurred under the Maryland Franchise Registration Disclosure Law. This protects franchisees' rights and ensures compliance with Maryland franchise regulations.
Finally, the FDD notes that in Illinois, any condition, stipulation, or provision purporting to bind any person acquiring any franchise to waive compliance with the Illinois Franchise Disclosure Act or any other law of Illinois is void. This reinforces the protection of franchisees' rights under Illinois law, preventing them from inadvertently waiving their legal protections through contractual clauses.