What must the 'RELEASOR' do to execute the general release for Bang Cookies?
Bang_Cookies Franchise · 2024 FDDAnswer from 2024 FDD Document
TO ALL TO WHOM THESE PRESENTS SHALL COME OR MAY CONCERN, KNOW THAT: , as RELEASOR, in consideration of good and valuable consideration received from: Bang Cookies Franchise LLC, as RELEASEE, receipt of which is hereby acknowledged, releases and discharges the RELEASEE, RELEASEE'S heirs, officers, members, agents, executors, administrators, successors and assigns, from all claims, actions, causes of action, suits, debts, dues, sums of money, accounts, reckonings, bonds, bills, specialties, covenants, contracts, controversies, agreements, contracts, promises, variances, trespasses, damages, judgments, extents, executions, claims, and demands whatsoever, in law, admiralty or equity which against the RELEASEE, the RELEASOR, RELEASOR'S, heirs, executors, administrators, successors and assigns ever had, now have or hereafter can, shall or may, have for, upon, or by reason of any matter, cause or thing whatsoever from the beginning of the world to the day of the date of this RELEASE. The words "RELEASOR" and "RELEASEE" include all releasors and releasees under this Release. This Release may not be changed orally. IN WITNESS WHEREOF, the RELEASOR has hereunto set RELEASORS' had and seal on the date set forth below. Releasor: Signature Name (please print) Date NOTARY SIGNATURE, SEAL AND INFORMATION: Onbefore me, the undersigned, personally appeared personally known to me or proven to me on the basis of satisfactory evidence to be the individual(s) whose name(s) is (are) subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their capacity/capacities, and that by his/her/their signature(s) on the instrument, the individual(s), or the person upon behalf of which the individual(s) acted, executed the instrument. Notary Signature and Sea
Source: Item 23 — RECEIPTS (FDD pages 56–245)
What This Means (2024 FDD)
According to Bang Cookies' 2024 Franchise Disclosure Document, the 'RELEASOR' must sign their name, print their name, and provide the date on the general release form. Additionally, the RELEASOR's signature must be notarized by a Notary Public, who will also sign and affix their seal and information to the document.
In simpler terms, the person giving up their rights (the RELEASOR) has to sign the release form in front of a notary. They also need to print their name so it's clear who signed. The notary public verifies the RELEASOR's identity, witnesses the signing, and stamps the document to make it official.
This process ensures that the release is legally binding and that the RELEASOR is fully aware of the rights they are giving up. It's a standard legal practice to have documents like this notarized to prevent disputes later on. A prospective Bang Cookies franchisee should understand the implications of signing such a release and may want to seek legal counsel before doing so.