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For Floyds 99 franchises, does the general release required as a condition of renewal, sale, or assignment/transfer apply to liability under the Maryland Franchise Registration and Disclosure Law?

Floyds_99 Franchise · 2025 FDD

Answer from 2025 FDD Document

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 apply to any liability under the Maryland Franchise Registration and Disclosure Law.

Source: Item 23 — RECEIPT (FDD pages 58–229)

What This Means (2025 FDD)

According to the 2025 Floyds 99 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 protection is explicitly stated in an addendum for franchises offered and sold to residents of Maryland or operated in Maryland.

This means that even if a franchisee signs a general release when renewing, selling, or transferring their Floyds 99 franchise, they do not waive their rights to bring claims under Maryland's franchise law. This provision is in place to protect franchisees from inadvertently giving up their legal rights under Maryland franchise law when signing standard release documents.

This addendum ensures that Floyds 99 franchisees in Maryland retain their ability to pursue legal remedies under the Maryland Franchise Registration and Disclosure Law, regardless of any general releases they may have signed. This provides an additional layer of protection for franchisees operating in Maryland.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.