What form does the general release need to be in for an All Team franchise transfer?

According to All Team's 2025 Franchise Disclosure Document, a franchisee, including all officers, directors, and shareholders, along with all guarantors, must execute a general release as part of the transfer conditions. This release needs to be in a form that All Team approves. The release covers any and all claims against All Team, its affiliates, and their respective officers, directors, employees, and agents, to the extent permitted by law.

This requirement means that as a condition of transferring the franchise, the franchisee must waive any existing or future claims against All Team. This is a standard practice in franchising to ensure a clean break and prevent future legal disputes arising from the previous franchisee's operation. The breadth of the release, covering all claims to the extent permitted by law, suggests that franchisees should carefully review the release with legal counsel to understand the full scope of what they are waiving.

The FDD also includes a sample of the General Release form. The sample form indicates that certain states require specific changes to be made to the General Release specific to such state. The General Release includes clauses where the Releasor releases All Team from any and all claims, demands, damages, liabilities, costs, and causes of action related to the Franchise Agreement or the franchisor-franchisee relationship.

Prospective franchisees should be aware of this requirement and factor in the potential legal costs of reviewing and understanding the release. They should also consider the implications of waiving potential future claims against All Team before proceeding with a transfer.