Under what conditions can an Angry Chickz developer assign a Franchise Agreement to a separate entity?
Angry_Chickz Franchise · 2025 FDDAnswer from 2025 FDD Document
| 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. |
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- Release. Sections 6.3.4 and 7.2.2 of the Area Development Agreement are amended to provide that any release required as a condition of assignment or renewal will not apply to liability under the Maryland Franchise Registration and Disclosure Law (the "Maryland Franchise Law").
Source: Item 23 — RECEIPTS (FDD pages 54–260)
What This Means (2025 FDD)
Based on the 2025 Angry Chickz Franchise Disclosure Document, a franchisee and/or their guarantors must execute a general release as a condition for the transfer of the Franchise Agreement or the Development Agreement. This release is required between the franchisee and Angry Chickz Franchising LLC. The general release is also required for the execution of a renewal Franchise Agreement between the franchisee and Angry Chickz.
In Maryland, the Area Development Agreement is amended such that any release required as a condition of assignment or renewal will not apply to liability under the Maryland Franchise Registration and Disclosure Law.
It is important for prospective Angry Chickz franchisees to fully understand the implications of signing a general release, especially concerning their rights and potential liabilities upon transferring or renewing their franchise agreement. Franchisees should consult with a legal professional to review the release and ensure they are fully aware of their obligations and rights under the agreement.