What is the 'Franchised Business' referring to in the All Team General Release?
All_Team Franchise · 2025 FDDAnswer from 2025 FDD Document
| THIS GENERAL RELEASE (the "General Release") is made by the undersigned (hereinafter "Releasor") for the benefit of All Team Franchise Corporation, a Florida corporation (hereinafter, "Franchisor"), on this day of, 20 |
|---|
| RECITALS: |
| WHEREAS, Releasor is an All Team franchisee and operates an All Team Agency (the |
| "Franchised Business") pursuant to that certain franchise agreement dated (the |
| "Franchise Agreement"); |
Source: Item 22 — CONTRACTS (FDD pages 33–34)
What This Means (2025 FDD)
According to All Team's 2025 Franchise Disclosure Document, the 'Franchised Business' in the General Release refers to the All Team Agency that the franchisee operates under the franchise agreement. The General Release is a contract made between the franchisee (Releasor) and All Team Franchise Corporation (Franchisor).
The General Release is signed when a franchisee desires to renew their franchise agreement with All Team or seeks All Team's consent in connection with the Franchise Agreement. This release ensures that all parties understand their rights, obligations, and potential liabilities, especially when renewing or transferring the franchise.
This agreement releases All Team from any claims related to the franchise agreement or the franchisor-franchisee relationship. However, if the General Release is connected to the renewal, assignment, or transfer of the Franchise Agreement, the release does not apply to any liability under state franchise law governing the release. This ensures franchisees retain their rights under applicable state laws, even when signing a general release.