What form is the Assignor required to execute simultaneously with the execution of the Anago Assignment?

Based on the 2025 Anago Franchise Disclosure Document, when an assignor transfers their rights and obligations under the Franchise Agreement to an assignee, the assignor must execute a general release form. This release, in a form prescribed by Anago, must waive all claims against Anago and its affiliates, including their officers, directors, shareholders, partners, agents, representatives, independent contractors, servants, and employees. The claims being released include those arising under the Franchise Agreement and any applicable laws, rules, or regulations.

This requirement ensures that Anago is protected from potential future legal claims by the assignor after the franchise has been transferred. It is a standard practice in franchising to include such releases to provide legal clarity and prevent future disputes. The release covers a broad range of potential claims, indicating Anago's intent to comprehensively sever ties with the assignor regarding the franchise.

For a prospective franchisee, this means that if they ever decide to sell or transfer their Anago franchise, they will be required to sign a release that gives up their right to sue Anago for virtually any reason related to the franchise. Franchisees should carefully review the specific terms of the release form with legal counsel to fully understand the scope of the claims they are waiving. This is a crucial step in the assignment process and should not be overlooked.