Does the All Team General Release mention any state-specific requirements?
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"); |
| WHEREAS, Releasor desires to renew its franchise with Franchisor or desires Franchisor's |
| consent to in connection with the Franchise Agreement; and |
| WHEREAS, certain states require certain changes be made to this General Release specific to such |
| state. |
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 acknowledge that certain states may require specific changes to the release. This implies that the standard General Release might not be universally applicable and could need modifications based on the state where the franchisee is located.
Furthermore, the FDD includes addenda for Illinois, Minnesota, New York, and Virginia, which address specific state laws and how they interact with the franchise agreement. For example, the Illinois addendum states that Illinois law governs the Franchise Agreement and that certain provisions designating jurisdiction or venue outside of Illinois are void. The New York and Virginia addenda state that the provisions of their respective state's franchise acts will apply to any franchise or franchisee located in those states, and will control in case of inconsistency with the standard agreement.
For a prospective All Team franchisee, this means it is crucial to carefully review any state-specific addenda to the franchise agreement and General Release to understand their rights and obligations under the laws of their state. They should also consult with an attorney to ensure that the franchise agreement complies with all applicable state laws and regulations. The franchisee should also be aware that the franchisor's right to seek injunctive relief and limitations on claims may be subject to state-specific rules, as highlighted in the Minnesota addendum.