Expert Witness Salary
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Maryland Franchise Registration and Disclosure Law The FDD with a state cover page. The Franchise Seller Disclosure Form. The Uniform Franchise Registration Application. Consent to Service of Process. The franchisor's costs and sources of funds. Copies of advertising and promotional materials. Consent of accountant.
Maryland is one of about 15 states in the United States that requires ?registration? of franchise offerings. Before you offer or sell any franchise in Maryland or to any Maryland residents, you must first register your franchise offering with the Securities Division, Office of the Attorney General.
Maryland has a relationship act known as the Maryland Fair Distributorship Act (?MFDA?), Sec. 11-1302, et seq., but it applies to only to commercial goods, not to franchisors regulated under the Maryland Franchise Disclosure Act.
Franchise registration states include California, Maryland, Michigan, Minnesota, New York, and North Dakota. Franchise filing states include Connecticut, Florida, Kentucky, South Carolina, and South Dakota.
What are Maryland's FDD Registration and Renewal Fees? The initial FDD registration fee is $500 and the annual FDD renewal fee is $250.
The Maryland Franchise Registration and Disclosure Law has a broad geographical reach and requires registration when, (i) either the franchisor or the franchisee is a resident of Maryland, (ii) the business will be operated in Maryland, or (iii) where the offer to sell is made, directed to, or accepted in Maryland.
Registration of Securities The Maryland Securities Act, also known as the "Blue Sky Law," requires that any person or firm that seeks to sell securities to Maryland residents must first register with the Division, unless the particular securities are exempt from the law's registration requirement.
Under Maryland franchise law, Code Section 14-201, a franchise is broadly defined to include any verbal or written agreement that involves: (a) a marketing plan or system for the marketing, sale, or distribution of products or services; (b) the licensing of a trademark or trademarks used to identify the underlying ...