Does the Beggars Pizza franchise agreement specify who the general release should be in favor of?

According to the 2025 Beggars Pizza Franchise Disclosure Document, a franchisee selling their franchise may be required to execute a general release as a condition of the transfer's approval. This release must be in a form satisfactory to Beggars Pizza. The release covers any claims against Beggars Pizza and its affiliates, including their respective officers, directors, agents, shareholders, and employees.

This requirement means that a franchisee looking to sell their Beggars Pizza location must waive any existing or future claims against the franchisor and related parties. This is a fairly standard practice in franchising, as it protects the franchisor from potential legal issues arising from the franchisee's operation or sale of the business. The franchisor has the discretion to determine what is satisfactory in the release form.

For a prospective Beggars Pizza franchisee, this implies that when planning an exit strategy, they should be aware of this potential requirement. Before selling, they will need to sign a release that could prevent them from pursuing legal action against Beggars Pizza, even for issues that may arise after the sale. It is advisable to consult with a legal professional to fully understand the implications of such a release before signing it.