factual

What section of the Ledgers Franchise Agreement is modified regarding the timeframe for claims under the Maryland Franchise Registration and Disclosure Law?

Ledgers Franchise · 2025 FDD

Answer from 2025 FDD Document

  • C. Item 17.v. of the FDD and Section 9.5A of the FA is modified to also provide,
    • "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 22 — CONTRACTS (FDD page 46)

What This Means (2025 FDD)

According to the 2025 Ledgers Franchise Disclosure Document, for franchises governed by Maryland Franchise Registration and Disclosure Law, Item 17.v of the FDD and Section 9.5A of the Franchise Agreement are modified. This modification stipulates that any claims arising under the Maryland Franchise Registration and Disclosure Law must be brought within 3 years after the grant of the franchise.

This means that a Ledgers franchisee in Maryland has a limited time frame of three years from the date they are granted the franchise to bring any claims related to violations of the Maryland Franchise Registration and Disclosure Law. This timeframe is crucial, as failure to bring a claim within this period could result in the franchisee losing their right to pursue legal action for any violations.

Prospective Ledgers franchisees in Maryland should be aware of this modification and consult with legal counsel to understand their rights and obligations under the Maryland Franchise Registration and Disclosure Law. It is important to keep detailed records and seek legal advice promptly if any issues arise to ensure compliance with the stipulated timeframe for claims.

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.