Business Regulation - Maryland Franchise Registration and Disclosure Law - Alterations (Franchise Reform Act)

SB 415, the "Franchise Reform Act," updates Maryland’s franchise law to better protect franchisees and streamline regulation. It requires franchise registration exemptions to adjust for inflation or deflation using a specific index, shortens the time frame for franchise-related lawsuits to be filed, and prohibits franchisors from blocking franchisees from forming associations. The bill also creates a "Fast-Track Review Pilot Program" to expedite renewal applications for franchise disclosure documents. These changes directly affect franchisors (who sell franchises) and franchisees (who buy them), aiming to improve transparency and reduce barriers in franchise transactions.