Does the Maryland Addendum to the Fly To Fit Disclosure Document amend Item 17?
Fly_To_Fit Franchise · 2024 FDDAnswer from 2024 FDD Document
In the State of Maryland only, this Disclosure Document is amended as follows:
The following is added to Item 17:
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.
Any claims arising under the Maryland Franchise Registration and Disclosure Law must be brought within 3 years after the grant of the franchise.
Source: Item 23 — RECEIPTS (FDD pages 44–134)
What This Means (2024 FDD)
According to Fly To Fit's 2024 Franchise Disclosure Document, the Maryland Addendum does amend Item 17. Specifically, the addendum states 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. This means Fly To Fit franchisees in Maryland retain their rights and protections under Maryland franchise law, even when signing releases related to franchise renewal, sale, or transfer.
Additionally, the Maryland Addendum specifies that any claims arising under the Maryland Franchise Registration and Disclosure Law must be brought within three years after the grant of the franchise. This sets a statute of limitations for claims under Maryland franchise law, ensuring that franchisees must act within a defined timeframe to pursue legal action.
Furthermore, the addendum clarifies that franchisees have the right to file a lawsuit alleging a cause of action arising under the Maryland Franchise Law in any court of competent jurisdiction within the State of Maryland. This ensures that Fly To Fit franchisees are not forced to litigate disputes in a different state or under a different jurisdiction, providing them with a local legal recourse.