Does the Baya Bar General Release include the franchisee's principals?
Baya_Bar Franchise · 2024 FDDAnswer from 2024 FDD Document
- 5.2.5 Franchisee shall execute a general release of all claims Franchisee may have against Baya Bar Franchise Systems, LLC, its parent, subsidiaries and affiliates, its officers, directors, shareholders, agents, and employees, whether in their corporate and/or individual capacities, in the form attached hereto as Attachment 4.
This release will include all claims arising under any federal, state, or local law, rule, or ordinance.
Source: Item 22 — CONTRACTS (FDD page 56)
What This Means (2024 FDD)
According to Baya Bar's 2024 Franchise Disclosure Document, the franchisee must execute a general release of all claims they may have against Baya Bar Franchise Systems, LLC, its parent, subsidiaries, and affiliates, including its officers, directors, shareholders, agents, and employees. This release extends to individuals in their corporate and/or individual capacities. The release is in the form attached to the FDD as Attachment 4.
This general release includes all claims arising under any federal, state, or local law, rule, or ordinance. This means that when renewing their franchise agreement, franchisees must waive their rights to sue Baya Bar and related parties for any reason covered by these laws, rules, or ordinances.
This requirement is a significant consideration for prospective franchisees. It is essential to carefully review Attachment 4 and understand the full scope of the claims being released. Franchisees should seek legal counsel to assess the implications of this release on their rights and potential future claims before signing the Successor Franchise Agreement.