Does the All Team General Release extend to the Releasor's past officers?
All_Team Franchise · 2025 FDDAnswer from 2025 FDD Document
chise Agreement, any related agreements or the franchisor-franchisee relationship between Releasor and Franchisor. Notwithstanding the foregoing, if this General Release is entered into in conjunction with the renewal, assignment or transfer of the Franchise Agreement, the foregoing release shall not apply to any liability under any state franchise law which governs this Release.
-
- Releasor hereby understands and agrees that this General Release shall extend to and be binding upon any and all of Releasor's past, present and future officers, directors, owners, employees, representatives, agents, trustees, successors, affiliates and assigns, and their respective
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 Releasor's past officers. Specifically, the General Release extends to and is binding upon any and all of the Releasor'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 of claims applies not only to the Releasor (the franchisee) but also to those who were previously officers, directors, owners, etc. of the franchisee's business.
This provision is significant for prospective All Team franchisees because it clarifies the scope of the General Release they will be required to sign. The release covers a broad range of individuals and entities associated with both the franchisor and the franchisee. This ensures that All Team and its related parties are protected from potential future claims arising from the franchise agreement or the franchisor-franchisee relationship.
It is important for franchisees to fully understand the implications of this General Release and to seek legal counsel to ensure they are aware of their rights and obligations. The FDD also states that the Releasor certifies they have read the General Release, fully understand it, and have executed it after receiving full legal advice and disclosure as to their rights from legal counsel of their choice. This highlights the importance of consulting with an attorney before signing the General Release to fully understand its implications.