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Maryland Code, Commercial Law § 12-1402

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This subtitle does not apply to a merchant processing agreement between a credit card processor and a business entity:

(1) That may be terminated without assessment of fees, fines, penalties, or liquidated damages;  or

(2) If at the time of entry into the merchant processing agreement, the business entity employs 50 or more employees or reasonably estimates that it will generate more than $2,000,000 in credit card or electronic commerce transactions each year.

Cite this article: - Maryland Code, Commercial Law § 12-1402 - last updated December 31, 2021 |

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