Who are the parties to the Maryland Rider for the Fly To Fit franchise?
Fly_To_Fit Franchise · 2024 FDDAnswer from 2024 FDD Document
MARYLAND RIDER TO FRANCHISE AGREEMENT AND MULTI-UNIT DEVELOPMENT AGREEMENT
Limited Liability Company ("Fly To Fit Franchise") and, a ("Franchisee"). 1. Capitalized terms used but not defined in this Rider have the meanings given Definitions. in the Agreement. The "Maryland Franchise Law" means the Maryland Franchise Registration and Disclosure Law, Business Regulation Article, §14-206, Annotated Code of Maryland. 2. Releases, Estoppels and Waivers of Liability. 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 Law. 3. which provides for a period of Statute of Limitations. Any provision of the Agreement limitations for causes of action shall not apply to causes of action under the Maryland Franchise an action under such law within three years after the grant of the franchise. Law, Business Regulation Article, §14-227, Annotated Code of Maryland. Franchisee must bring 4. Jurisdiction. Franchisee does not waive its right Maryland. to file a lawsuit alleging a cause of action arising under the Maryland Franchise Law in any court of competent jurisdiction in the State of 5. This Rider is effective as of the Effective Date. Effective Date. Agreed to by: FLY TO FIT FRANCHISE, LLC
Source: Item 23 — RECEIPTS (FDD pages 44–134)
What This Means (2024 FDD)
According to the 2024 Fly To Fit Franchise Disclosure Document, the parties to the Maryland Rider to the Franchise Agreement and Multi-Unit Development Agreement are Fly To Fit Franchise, LLC, and the franchisee. This rider is designed to amend the franchise agreement to comply with Maryland law.
For a prospective Fly To Fit franchisee in Maryland, this means the standard franchise agreement is modified by the Maryland Rider. The rider ensures certain provisions of the agreement adhere to Maryland Franchise Law, particularly concerning releases, waivers of liability, statutes of limitations, and jurisdiction.
Specifically, the rider clarifies that any releases, estoppels, or waivers of liability do not act as such under Maryland Franchise Law. It also ensures that the franchisee can file a lawsuit under Maryland Franchise Law in a competent Maryland court and that the statute of limitations for actions under this law is three years. The rider becomes effective as of the effective date of the franchise agreement.