What form must the general release be in for an All County franchise transfer?
All_County Franchise · 2025 FDDAnswer from 2025 FDD Document
- 20.4.6. General Release. You (and your transferring owners) have executed a general release, in form satisfactory to us, of any and all claims against us and our shareholders, officers, directors, employees and agents.
Any general release required in the Franchise Agreement as a condition of renewal, sale, and/or assignment or transfer shall not apply to any liability under the Maryland Franchise Registration and Disclosure Law.
Source: Item 23 — Receipts (FDD pages 43–157)
What This Means (2025 FDD)
According to All County's 2025 Franchise Disclosure Document, when transferring your franchise, you (and your transferring owners) must execute a general release. This release must be in a form that is satisfactory to All County. The release covers any and all claims against All County and its shareholders, officers, directors, employees, and agents.
This requirement is fairly standard in franchising. It protects All County from potential future legal claims by the franchisee related to the franchise agreement or the operation of the business up to the point of transfer. The prospective franchisee should carefully review the release document to understand exactly what rights they are waiving.
It is important to note that any general release required in the Franchise Agreement as a condition of renewal, sale, and/or assignment or transfer shall not apply to any liability under the Maryland Franchise Registration and Disclosure Law.