In the Floyds 99 Development Agreement Rider for Maryland, what is the significance of Section 8.2.f?
Floyds_99 Franchise · 2025 FDDAnswer from 2025 FDD Document
| Developer is dated, 20 | This Rider to the Development Agreement by and between Floyd's 99 Franchising, LLC and | ||
|---|---|---|---|
| 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 |
Source: Item 23 — RECEIPT (FDD pages 58–229)
What This Means (2025 FDD)
According to the 2025 Floyds 99 Franchise Disclosure Document, Section 8.2.f in the Development Agreement Rider for Maryland includes a stipulation regarding general releases. Specifically, it states that any general release required as a condition of renewal, sale, or assignment/transfer of the franchise will not apply to any liability under the Maryland Franchise Registration and Disclosure Law, as per the Code of Maryland Regulations (COMAR) 02.02.08.16L. This addition is favorable to the franchisee.
In practical terms, this means that if a Floyds 99 franchisee in Maryland is asked to sign a general release (a document that waives their rights to make future claims) when renewing their franchise agreement, selling their franchise, or transferring ownership, that release will not prevent them from pursuing claims related to violations of Maryland's franchise laws. This protects the franchisee's ability to hold Floyds 99 accountable for any breaches of the Maryland Franchise Registration and Disclosure Law, regardless of any general release they may have signed.
This type of provision is important because franchise laws are designed to protect franchisees from unfair practices by franchisors. By ensuring that general releases do not waive these protections, Maryland law provides an additional layer of security for Floyds 99 franchisees operating in the state. This clause ensures that franchisees retain their rights under Maryland franchise law, even if they sign a general release for other purposes.