Who are the parties involved in the general release required by Angry Chickz?
Angry_Chickz Franchise · 2025 FDDAnswer from 2025 FDD Document
meeting, achieving and maintaining the Standards, and (iii) is principally reasonable for ensuring that Developer's employees and
independent contractors are so trained and retrained from time to time and are performing to meet, achieve and maintain the Standards.
"Venue" means any location that is not a Non-Traditional Venue.
Exhibit C
General Release
FORM OF GENERAL RELEASE
[This is our current standard form of General Release. This document is not signed when you purchase a franchise. In circumstances such as a renewal of your franchise or as a condition of our approval of a sale or transfer of your franchise, we may require you to sign a general release.]
| THIS GENERAL RELEASE ("Release") is executed on by | |
|---|---|
| ("Franchisee") and/or | |
| ("Guarantors") as a condition of (1) the | |
| transfer of the ANGRY CHICKZ FRANCHISING LLC Franchise Agreement | dated |
| between ANGRY CHICKZ FRANCHISING LLC ("Angry Chickz") and Franchisee ("Franchise | |
| Agreement") or the ANGRY CHICKZ FRANCHISING LLC | Development Agreement dated |
| between ANGRY CHICKZ and Franchisee ("Development Agreement"); or (2) the | |
| execution of a renewal Franchise Agreement by Franchisee and ANGRY CHICKZ. |
- 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, wi
Source: Item 23 — RECEIPTS (FDD pages 54–260)
What This Means (2025 FDD)
According to the 2025 FDD, the parties involved in the general release for Angry Chickz include the 'Releasors' and the 'Releasees.' The Releasors consist of the franchisee (or, if the franchisee is an entity, the franchisee along with its parents, subsidiaries, affiliates, and their respective officers, directors, shareholders, agents, and employees) and the guarantors (along with their heirs, representatives, successors, and assigns).
The Releasees are Angry Chickz, including its parent, subsidiaries, and affiliates, as well as their respective past and present officers, directors, shareholders, agents, and employees. This means the release extends broadly to cover various individuals and entities associated with Angry Chickz.
The general release is executed by the franchisee and/or guarantors as a condition of transferring the franchise agreement or development agreement between Angry Chickz and the franchisee, or as a condition of executing a renewal franchise agreement. This release covers all claims, demands, liabilities, and causes of action, whether known or unknown, that the Releasors may have against the Releasees, unless prohibited by applicable law, such as the Maryland Franchise Registration and Disclosure Law.