What specific event triggers the need for the All Team franchisee to sign the General Release?
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 is required when an All Team franchisee desires to either renew their franchise agreement or seeks All Team's consent in connection with the existing Franchise Agreement. This release is a legal document where the franchisee (Releasor) relinquishes any claims against All Team. Certain states may require specific changes to the General Release.
The General Release covers all claims, demands, damages, and liabilities related to the Franchise Agreement or the franchisor-franchisee relationship. However, if the General Release is signed during a renewal, assignment, or transfer of the Franchise Agreement, it does not apply to liabilities under state franchise laws governing the release. This means that while the franchisee is releasing All Team from potential liabilities, certain state laws may still provide protection or recourse.
All Team ensures that the General Release extends to cover the franchisee's officers, directors, owners, employees, and other related parties, as well as All Team's officers, directors, owners, employees, and other related parties. The General Release supersedes any prior agreements, whether oral or written, related to its subject matter. The franchisee acknowledges that they are not relying on any representations or warranties from All Team that are not explicitly stated in the General Release.
The General Release is governed by the laws of the state where All Team's principal place of business is located, without regard to conflict of law principles. If any part of the General Release is found to be invalid or unenforceable, the remaining provisions will still be effective, and the invalid provision will be reformed to reflect the parties' intentions as closely as possible. This ensures that the General Release remains as effective as possible, even if certain parts are challenged.