factual

Does the All Team General Release extend to the Franchisor's trustees for All Team?

All_Team Franchise · 2025 FDD

Answer 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.

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 franchisor's trustees. The document specifies that the release benefits All Team and its past, present, and future officers, directors, owners, employees, representatives, agents, trustees, successors, affiliates, and assigns, including their insurers and underwriters. This means that franchisees, by signing the General Release, agree to release All Team and all the listed parties, including trustees, from any claims, demands, or liabilities related to the franchise agreement or the franchisor-franchisee relationship.

This provision has significant implications for prospective All Team franchisees. It means that once the General Release is signed, the franchisee cannot pursue legal action against All Team or its trustees for any issues covered by the release. This includes any claims, known or unknown, that the franchisee may have against the franchisor. The franchisee is also agreeing that the release is binding on their own officers, directors, owners, employees, representatives, agents, trustees, successors, affiliates, and assigns.

It is important for franchisees to carefully review the terms of the General Release and understand its implications before signing. Franchisees should consider consulting with an attorney to fully understand their rights and obligations under the release. This is especially important if the franchisee is renewing, assigning, or transferring their franchise agreement, as the General Release is often required in these situations. While the release does not apply to liabilities under state franchise law governing the release if it is entered into with the renewal, assignment, or transfer of the Franchise Agreement, it is still crucial to understand the full scope of the release and its potential impact on the franchisee's rights.

In summary, the General Release in the All Team franchise agreement is a broad release of claims that extends to various parties associated with the franchisor, including trustees. Franchisees should be aware of the comprehensive nature of this release and seek legal advice if necessary to ensure they fully understand the rights they are waiving.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.