What specific document is amended along with the Ledgers Franchise Agreement regarding the release of liability in Maryland?
Ledgers Franchise · 2025 FDDAnswer from 2025 FDD Document
- F. The FA and the Franchisee Questionnaire are amended with the addition of the following language:
- "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 and Disclosure Law."
Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
According to the 2025 Ledgers Franchise Disclosure Document, the Franchisee Questionnaire is amended along with the Franchise Agreement regarding the release of liability in Maryland. This amendment ensures that any representations requiring prospective franchisees to agree to a release, estoppel, or waiver of liability will not act as a release, estoppel, or waiver of any liability incurred under the Maryland Franchise Registration and Disclosure Law.
This modification is specific to franchises governed by Maryland law, highlighting the importance of understanding state-specific regulations when entering into a franchise agreement. The amendment aims to protect franchisees' rights under Maryland's franchise laws, preventing them from inadvertently waiving their legal protections.
Prospective Ledgers franchisees in Maryland should pay close attention to this amendment and consult with legal counsel to fully understand their rights and obligations under the Franchise Agreement and the Maryland Franchise Registration and Disclosure Law. This ensures that they are aware of the limitations on liability releases and can make informed decisions regarding their franchise investment.