What form must the general release from the transferor take for a Beggars Pizza franchise?

According to the 2025 Beggars Pizza Franchise Disclosure Document, if a franchisee wishes to transfer their franchise to a new owner, Beggars Pizza may require as a condition of approval that the transferor (the current franchisee) executes a general release. This release must be in a form that is satisfactory to Beggars Pizza. The release serves to protect Beggars Pizza from any potential claims the transferring franchisee might have against them. This includes claims against Beggars Pizza and its affiliates, as well as their respective officers, directors, agents, shareholders, and employees.

In simpler terms, before Beggars Pizza approves the transfer of a franchise, they want to ensure that the current franchisee gives up any right to sue them or make any claims against them. This is a common practice in franchising to avoid future legal issues related to the transfer of ownership. The specific language and requirements of the release will be determined by Beggars Pizza.

For a prospective franchisee, this means that if they ever decide to sell their Beggars Pizza franchise, they will likely need to sign a release that gives up their rights to make claims against Beggars Pizza. It is important to carefully review the terms of this release with a legal professional before signing it, to fully understand the rights being waived. The franchisee should also be aware that Beggars Pizza has significant discretion in determining whether the form of the release is satisfactory.