Does Exhibit I for Bang Cookies contain state-specific addenda that may supersede the Franchise Agreement regarding the requirement to execute a general release as a condition to assignment, sale, or transfer?

According to Bang Cookies's 2024 Franchise Disclosure Document, Exhibit I contains state-specific addenda that may supersede the Franchise Agreement regarding the requirement to execute a general release as a condition to assignment, sale, or transfer. This means that certain state laws may override the standard terms in the Franchise Agreement related to the execution of a general release when a franchisee assigns, sells, or transfers their franchise.

For a prospective Bang Cookies franchisee, this is an important consideration. The requirement to execute a general release typically means that the franchisee agrees to release Bang Cookies from any and all claims they may have against the company as a condition of the assignment, sale, or transfer of the franchise. However, this requirement may not be enforceable in certain states due to specific state laws. Therefore, franchisees need to be aware of the specific addenda in Exhibit I that apply to their state.

It is crucial for potential Bang Cookies franchisees to carefully review Exhibit I and understand how the state-specific addenda may impact their rights and obligations, especially when considering the future sale or transfer of their franchise. Franchisees should consult with legal counsel to fully understand the implications of these state-specific provisions and how they interact with the Franchise Agreement. This ensures that franchisees are fully informed of their rights and responsibilities under both the Franchise Agreement and applicable state laws.