Does the 360 Painting Franchise Agreement include an exhibit related to a general release?
360_Painting Franchise · 2025 FDDAnswer from 2025 FDD Document
- EXHIBIT C-1 MISCELLANEOUS INFORMATION; TERRITORY DEFINED
- EXHIBIT C-2 PERSONAL COVENANTS
- EXHIBIT C-3 INTERNET WEB SITES AND LISTINGS AGREEMENT
- EXHIBIT C-4 TELEPHONE LISTING AGREEMENT
EXHIBIT C-5 FRANCHISEE INFORMATION
EXHIBIT C-6 GUARANTY AGREEMENT
EXHIBIT C-7 GENERAL RELEASE
EXHIBIT C-8 ACH AUTHORIZATION
EXHIBIT C-9 COPY OF SIGNED RECEIPT TO FRANCHISE DISCLOSURE DOCUMENT
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 56)
What This Means (2025 FDD)
According to the 2025 FDD, the 360 Painting Franchise Agreement does include an exhibit related to a general release. Specifically, Exhibit C-7 of the Franchise Agreement is titled "GENERAL RELEASE." This indicates that as part of the franchise agreement, franchisees are required to sign a general release.
The General Release is made effective upon granting certain rights in connection with the operation of a 360 Painting Business and/or the transfer, termination, or renewal thereof. By signing this release, the franchisee unconditionally releases 360 Painting, LLC, its subsidiaries, affiliates, shareholders, owners, directors, officers, managers, members, partners, employees, agents, representatives, successors, and assigns from any and all liabilities, damages, claims, demands, costs, expenses, debts, indemnities, suits, disputes, controversies, actions, and causes of action of any kind. This includes both known and unknown issues arising from the franchise relationship, any prior agreements, or any business relationship with 360 Painting.
The release covers claims arising from contract, written or oral communications, alleged misrepresentations, and acts of negligence. It survives any assignment or termination of the franchise agreements. However, it does not waive rights that cannot be waived under applicable state franchise laws. The General Release is governed by the laws of the state where 360 Painting maintains its principal place of business at the time any dispute resolution proceeding is commenced.