Who are considered the 'Releasees' in the release agreement for an Angry Chickz franchise?
Angry_Chickz Franchise · 2025 FDDAnswer from 2025 FDD Document
If Franchisee is an entity, Franchisee (on behalf of itself and its parents, subsidiaries and affiliates and their respective past and present officers, directors, shareholders, agents and employees, in their corporate and individual capacities) and Guarantors (on behalf of themselves and their respective heirs, representatives, successors and assigns) or, if Franchisee is an individual, Franchisee (on behalf of himself/herself and his/her heirs, representatives, successors and assigns) (collectively, "Releasors") freely and without any influence forever release ANGRY CHICKZ, its parent, subsidiaries and affiliates and their respective past and present officers, directors, shareholders, agents and employees, in their corporate and individual capacities (collectively, "Releasees"), with respect to any and all claims, demands, liabilities and causes of action of whatever kind or nature, whether known or unknown, vested or contingent, suspected or unsuspected (collectively, "Claims"), which any Releasor ever owned or held, now owns or holds or may in the future own or hold, including, without limitation, claims arising under federal, state and local laws, rules and ordinances and claims arising out of, or relating to, the Development Agreement and/or Franchise Agreement and all other agreements between any Releasor and any Release arising out of, or relating to any act, omission or event occurring on or before the date of this Release, unless prohibited by applicable law.
Source: Item 23 — RECEIPTS (FDD pages 54–260)
What This Means (2025 FDD)
According to the 2025 Angry Chickz Franchise Disclosure Document, the 'Releasees' in the release agreement are specifically defined as ANGRY CHICKZ, its parent, subsidiaries, and affiliates. This extends to their respective past and present officers, directors, shareholders, agents, and employees, all acting in both their corporate and individual capacities.
This definition is important for a prospective franchisee because it clarifies exactly who is protected by the release. By signing the release, the franchisee agrees not to pursue any claims against these specified parties related to the franchise agreement. This includes a broad range of potential claims, covering known and unknown issues, and those arising from various laws and agreements.
The release is a significant legal document, and franchisees should carefully review it with their own legal counsel to fully understand its implications. The scope of the release is broad, and it is designed to protect Angry Chickz and its related parties from a wide array of potential liabilities. Franchisees need to be aware of the rights they are waiving and the potential impact on their ability to pursue legal action in the future.