What is Exhibit H to the Afuri Ramen Dumpling Franchise Disclosure Document?
Afuri_Ramen_Dumpling Franchise · 2024 FDDAnswer from 2024 FDD Document
Exhibit H to Afuri Franchise Disclosure Document
FORM OF GENERAL RELEASE
The Franchise Agreement provides that the franchisee must sign a General Release in a form satisfactory to the franchisor in certain circumstances, such as upon transfer or renewal of the franchise. Following is a form of General Release that is subject to change.
FORM OF GENERAL RELEASE
Source: Item 23 — Receipts (FDD pages 50–189)
What This Means (2024 FDD)
According to the 2024 Afuri Ramen Dumpling Franchise Disclosure Document, Exhibit H contains the form of general release. The document states that the Franchise Agreement stipulates that a franchisee must sign a general release in a format satisfactory to Afuri Ramen Dumpling under certain conditions, such as the transfer or renewal of the franchise.
The exhibit includes a sample form of the general release, which is subject to change by Afuri Ramen Dumpling. This means the actual release a franchisee might be required to sign in the future could differ from the sample provided in the FDD.
Prospective franchisees should carefully review this exhibit and understand the circumstances under which they might be required to sign a general release. It is advisable to seek legal counsel to fully understand the implications of signing such a release, especially in the context of transferring or renewing the franchise agreement with Afuri Ramen Dumpling.