Does the All Team General Release extend to the Releasor's trustees for All Team?
All_Team Franchise · 2025 FDDAnswer from 2025 FDD Document
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 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 does extend to the Releasor's trustees. Specifically, the General Release extends to and is binding upon any and all of the Releasor's past, present, and future trustees. This means that the release of claims applies not only to the Releasor (the franchisee) but also to any individuals or entities acting as trustees for the Releasor.
This provision is significant because it broadens the scope of the General Release, ensuring that All Team is protected from potential claims not only from the franchisee directly but also from those acting in a fiduciary capacity on their behalf. This could include individuals managing trusts or other financial arrangements for the franchisee.
For a prospective All Team franchisee, this means that when signing the General Release, they are also binding their trustees to the terms of the release. Franchisees should fully understand the implications of this clause and seek legal counsel to ensure they are aware of all parties affected by the release. This is a fairly standard practice in franchising, as franchisors aim to comprehensively protect themselves from potential liabilities and claims.