Does the All Team General Release extend to the Franchisor's insurers?
All_Team Franchise · 2025 FDDAnswer from 2025 FDD Document
Releasor hereby understands and agrees that this General Release shall extend to and inure to the benefit of Franchisor and any and all of Franchisor's past, present and future officers, directors, owners, employees, representatives, agents, trustees, successors, affiliates and assigns, and their respective insurers and underwriters.
Releasor hereby understands and agrees that this General Release supersedes any prior agreement, oral or written, with respect to its subject matter.
Source: Item 22 — CONTRACTS (FDD pages 33–34)
What This Means (2025 FDD)
According to All Team's 2025 Franchise Disclosure Document, the General Release extends to the benefit of the franchisor's insurers and underwriters. Specifically, the release benefits All Team and its past, present, and future officers, directors, owners, employees, representatives, agents, trustees, successors, affiliates, and assigns, including their respective insurers and underwriters. This means that the franchisee, as the Releasor, agrees to release All Team and all those affiliated parties from any claims, which includes their insurers.
This provision has significant implications for a prospective All Team franchisee. By signing the General Release, the franchisee agrees not to pursue any legal action against All Team or its related parties, including their insurance companies, for any claims related to the franchise agreement or the franchisor-franchisee relationship. This could limit the franchisee's ability to recover damages in the event of a dispute or loss.
The General Release also extends to and is binding upon the franchisee's past, present, and future officers, directors, owners, employees, representatives, agents, trustees, successors, affiliates, and assigns, and their respective insurers and underwriters. This means that the release is not only binding on the franchisee but also on anyone affiliated with the franchisee's business. The General Release supersedes any prior agreements, oral or written, with respect to its subject matter.
It is important for a prospective All Team franchisee to carefully review the General Release and understand its implications before signing it. Franchisees should seek legal counsel to fully understand the scope of the release and its potential impact on their rights and ability to pursue claims against All Team and its related parties.