What does the Angry Chickz general release say about prior assignments of claims?
Angry_Chickz Franchise · 2025 FDDAnswer from 2025 FDD Document
- **4.
No Prior Assignment.** Franchisee and Guarantors represent and warrant that the Releasors are the sole owners of all Claims and rights released in Section 1 and that the Releasors have not assigned or transferred, or purported to assign or transfer, to any person or entity, any Claim released under Section 1.
Source: Item 23 — RECEIPTS (FDD pages 54–260)
What This Means (2025 FDD)
According to the 2025 Angry Chickz FDD, the general release stipulates that franchisees and guarantors confirm they are the sole owners of all claims and rights being released. This means that when signing the release, franchisees must warrant that they have not previously assigned or transferred any of the claims being released to another party.
This provision protects Angry Chickz from dealing with third-party claims related to the released issues. If a franchisee had previously assigned a claim to someone else, that third party could potentially sue Angry Chickz despite the franchisee signing the release. This clause ensures that Angry Chickz is only dealing with the franchisee regarding the released claims.
In practical terms, a prospective Angry Chickz franchisee needs to be certain that they have not transferred any rights or claims related to the franchise agreement to another individual or entity before signing the general release. Failure to do so could lead to legal complications and invalidate the release, potentially exposing the franchisee to further liability.