What sections of the Floyds 99 Franchise Agreement are amended by the addition of a statement regarding the Maryland Franchise Registration and Disclosure Law?
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 | |||
| 2. | The following statement is added at the end of Section 13.4: | ||
| within three years after the grant of the franchise. | The Developer may commence any cause of action against the Franchisor in any court of | ||
| competent jurisdiction, including the state or federal courts of Maryland. Any claims | |||
| arising under the Maryland Franchise Registration and Disclosure Law must be brought | |||
| 3. | The following statement is added to the end of Sections 13.2 and 13.16: | ||
| Law. | 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 Registration Disclosure |
Source: Item 23 — RECEIPT (FDD pages 58–229)
What This Means (2025 FDD)
According to the 2025 Floyds 99 Franchise Disclosure Document, the Maryland Addendum modifies specific sections of the Development Agreement, not the Franchise Agreement directly, by adding statements related to the Maryland Franchise Registration and Disclosure Law.
The addendum includes modifications to Section 8.2.f, where a statement is added indicating that 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, pursuant to the Code of Maryland Regulations (COMAR) 02.02.08.16L. This ensures that franchisees retain their rights under Maryland franchise law even when signing a general release.
Additionally, Section 13.4 is amended to state that the Developer may commence any cause of action against Floyds 99 in any court of competent jurisdiction, including Maryland state or federal courts. It also clarifies that any claims arising under the Maryland Franchise Registration and Disclosure Law must be brought within three years after the grant of the franchise. Sections 13.2 and 13.16 are also amended to ensure that any representations requiring prospective franchisees to assent to a release, estoppel, or waiver of liability do not act as a release, estoppel, or waiver of any liability incurred under the Maryland Franchise Registration Disclosure Law. These modifications collectively aim to protect the rights of Floyds 99 franchisees in Maryland under state law.