{"data":{"id":"us-md/md.-code-commercial-law-12-1402","jurisdiction":"us-md","citation":"Md. Code, Commercial Law § 12–1402","heading":"","body":"This subtitle does not apply to a merchant processing agreement between a credit card processor and a business entity:\n(1) That may be terminated without assessment of fees, fines, penalties, or liquidated damages; or\n(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.","path":["Article - Commercial Law"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gcl\u0026section=12-1402","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:56:33Z","sha256":"1d009d7c67e3c9e68b3c99203791e8a5d1fa5e456c68cb1961ef86966c286e9a","source_id":"us-md","stale":false,"prev":"us-md/md.-code-commercial-law-12-1401","next":"us-md/md.-code-commercial-law-12-1403"},"notice":"GroundRules: Original legal text. Not legal advice."}