Who are the parties considered 'Releasees' in the Angry Chickz general release?
Angry_Chickz Franchise · 2025 FDDAnswer from 2025 FDD Document
- **1.
Release by Franchisee and Guarantors.** 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 Angry Chickz's 2025 Franchise Disclosure Document, the 'Releasees' in the general release include several entities and individuals associated with the franchisor. Specifically, the release covers Angry Chickz, its parent company, subsidiaries, and affiliates.
Furthermore, the release extends to the past and present officers, directors, shareholders, agents, and employees of these entities, acting in both their corporate and individual capacities. This comprehensive definition ensures that a wide range of individuals and entities connected to Angry Chickz are protected from potential claims by the franchisee.
This broad definition of 'Releasees' means that franchisees, by signing the general release, agree not to pursue legal action against any of these parties regarding any claims, demands, liabilities, or causes of action related to the franchise agreement, development agreement, or any other agreements, unless prohibited by law. Franchisees should carefully consider the implications of this extensive release before signing, as it significantly limits their ability to seek legal recourse against Angry Chickz and its related parties.