What does the Releasor receive in exchange for the Bee Organized General Release?
Bee_Organized Franchise · 2025 FDDAnswer from 2025 FDD Document
| THIS GENERAL RELEASE | (the "Release") is made as of (the "Effective Date") by: | |
|---|---|---|
| (a), a(n), and, a(n) | ||
| (individually, jointly, severally, and collectively referred to as "Franchisee"), | ||
| and | ||
| (b) if Franchisee is a Corporate Entity, the following individuals:, an | ||
| individual residing at, and, an individual residing | ||
| at (individually, jointly, severally, and collectively referred to as the "Individual | ||
| Guarantors") (Franchisee and the Individual Guarantors, respectively, are hereinafter individually, | ||
| jointly, severally, and collectively referred to as the "Releasor"), |
In Favor of, Bee Organized Enterprises, LLC, a Kansas limited liability company with a principal address at 4350 West 107th Street, Overland Park, Kansas 66207, and Bee Organized Enterprises, LLC's predecessors, affiliates, successors, assigns, officers, directors, managers, employees, and agents (hereinafter individually, jointly, severally, and collectively referred to as the "Releasee").
IN EXCHANGE FOR GOOD AND VALUABLE CONSIDERATION FROM BEE ORGANIZED ENTERPRISES, LLC AND/OR RELEASEE, AND WITH THE RECEIPT AND SUFFICIENCY OF SUCH CONSIDERATION BEING HEREBY ACKNOWLEDGED BY RELEASOR, RELEASOR DOES HEREBY, FOR ITSELF AND FOR RELEASOR'S SUCCESSORS AND ASSIGNS HEREBY RELEASE AND FOREVER DISCHARGE RELEASEE FROM:
Any and all claims including, but not limited to Franchise Claims (defined below), causes of action, violations, damages, actions, contracts, covenants, promises, judgments, suits, indebtedness, liabilities, accounts, and demands of every kind and nature (hereinafter all collectively referred to as the "Claims" or "Claim"), whether or not such Claims are presently known or unknown, disclosed or undisclosed, actual or potential, accrued or unaccrued and whether in law, admiralty, common law, or equity which against the Releasee, Releasor ever had, now has or hereafter can, shall or may, have for, upon, or by reason of any Claim, matter, cause or thing whatsoever from the beginning of the world to the Effective Date of this Release.
Source: Item 23 — RECEIPTS (FDD pages 54–218)
What This Means (2025 FDD)
According to the 2025 Bee Organized Franchise Disclosure Document, the Releasor receives "good and valuable consideration" from Bee Organized Enterprises, LLC in exchange for the General Release. This consideration is acknowledged by the Releasor as sufficient. The General Release covers any and all claims against Bee Organized, including franchise claims, causes of action, violations, damages, actions, contracts, covenants, promises, judgments, suits, indebtedness, liabilities, accounts, and demands of every kind and nature, whether known or unknown, from the beginning of the world to the effective date of the release.
In the context of assigning telephone numbers and digital media accounts, the Assignor (likely the franchisee) receives "good and valuable consideration provided and paid by Assignee" (Bee Organized). This exchange is for the assignment of all telephone numbers, facsimile numbers, listings, domain names, and digital media associated with the franchisee's Bee Organized Business.
It's important for a prospective Bee Organized franchisee to understand what constitutes "good and valuable consideration" in both the General Release and the assignment of telephone numbers and digital media accounts. This could include monetary compensation, specific benefits, or other forms of value. Franchisees should seek clarification from Bee Organized regarding the specific details of this consideration to fully understand their rights and obligations.