In Maryland, what is the statute of limitations for claims arising under the Maryland Franchise Registration and Disclosure Law for Hyper Kidz franchises?
Hyper_Kidz Franchise · 2024 FDDAnswer from 2024 FDD Document
Item 17 of the Franchise Disclosure Document is amended to state that any claims arising under the Maryland Franchise Registration and Disclosure Law must be brought within 3 years after the grant of the franchise.
The appropriate sections of the Franchise Agreement and Multi-Unit Development Agreement are hereby amended accordingly.
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 49–52)
What This Means (2024 FDD)
According to the 2024 Hyper Kidz Franchise Disclosure Document, any claims arising under the Maryland Franchise Registration and Disclosure Law must be brought within 3 years after the grant of the franchise. This amendment to Item 17 of the FDD clarifies the timeframe within which a franchisee can file a lawsuit related to franchise law violations in Maryland. This protection is also extended to the Franchise Agreement and Multi-Unit Development Agreement.
This means that a Hyper Kidz franchisee in Maryland has a 3-year window from the date their franchise is granted to bring any legal claims under the Maryland Franchise Registration and Disclosure Law. This statute of limitations ensures that franchisees have a reasonable period to discover and address any potential violations of the law by Hyper Kidz.
It is important for prospective Hyper Kidz franchisees in Maryland to understand this limitation period, as failing to bring a claim within the 3-year timeframe could result in the claim being time-barred. Franchisees should consult with an attorney to fully understand their rights and obligations under the Maryland Franchise Registration and Disclosure Law and to ensure that any potential claims are brought in a timely manner.