Who are the parties considered 'Releasors' in the Angry Chickz general release?
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 Angry Chickz's 2025 Franchise Disclosure Document, the "Releasors" in the general release are defined based on whether the franchisee is an entity or an individual. If the franchisee is an entity, the Releasors include the franchisee itself, along with its parents, subsidiaries, and affiliates, as well as their respective past and present officers, directors, shareholders, agents, and employees in both their corporate and individual capacities. Additionally, the guarantors, on behalf of themselves and their respective heirs, representatives, successors, and assigns, are also considered Releasors.
If the franchisee is an individual, the Releasors include the franchisee on behalf of himself/herself and his/her heirs, representatives, successors, and assigns. This definition ensures that all related parties who might have a claim are included in the release, preventing future legal actions against Angry Chickz.
This comprehensive definition of "Releasors" is a standard practice in franchising to protect the franchisor from potential claims by a wide range of related parties. Prospective Angry Chickz franchisees should carefully review this section with their legal counsel to fully understand the scope of the release and its implications for their business and personal liabilities.