factual

Who are considered the 'Releasing Franchisee Parties' in the release language for Ben Jerrys?

Ben_Jerrys Franchise · 2025 FDD

Answer from 2025 FDD Document

Each of the Franchisee Parties, on behalf of themselves and their respective successors, assigns, heirs and personal representatives, all other persons acting on their behalf or claiming under them and all entities in which the Franchisee Parties have or had an ownership interest (individually, collectively or in any combination, the "Releasing Franchisee Parties"), hereby release and forever discharge BEN & JERRY'S, its current and former affiliates, parents, subsidiaries and related entities, and its and their respective current and former officers, directors, shareholders, owners, employees, predecessors, successors, attorneys, agents, representatives and assigns (individually, collectively or in any combination, the "Released BEN & JERRY'S Parties"), from any and all suits, claims, controversies, rights, promises, debts, liabilities, demands, obligations, costs, expenses, actions and causes of action of every nature, character, and description, in law or in equity, whether presently known or unknown, vested or contingent, suspected or unsuspected, which any or all of the Releasing Franchisee Parties now own or hold or have based on any transaction, event or circumstance at any time heretofore owned or held, or may at any time own or hold against any or all of the Released BEN & JERRY'S Parties, arising prior to and including the Effective Date of this Release (the "Released Claims"). The Releasing Franchisee Parties acknowledge and agree that they may in the future learn of facts in addition to or different from those which they now know or believe to be true with respect to the subject matter of this paragraph, but that nonetheless, it is the intention of the Franchisee Parties to fully, finally, and forever settle and release all of the Released Claims.

Source: Item 23 — RECEIPTS (FDD pages 134–358)

What This Means (2025 FDD)

According to Ben Jerrys's 2025 Franchise Disclosure Document, the 'Releasing Franchisee Parties' encompass several entities associated with the franchisee. This includes the franchisee themselves, along with their successors, assigns, heirs, and personal representatives. It also extends to any individuals acting on their behalf or claiming under them, as well as any entities in which the franchisee parties have or had an ownership interest. This definition is comprehensive, ensuring that all parties related to the franchisee are included in the release.

This broad definition is important because it ensures that Ben Jerrys is protected from potential claims not only from the franchisee directly but also from anyone connected to the franchisee. This could include family members, business partners, or other entities that might have a claim against Ben Jerrys based on the franchisee's operations. By including all these parties in the release, Ben Jerrys aims to prevent future litigation and disputes.

For a prospective Ben Jerrys franchisee, this means that they need to be aware of the scope of the release they are signing. It's not just them as an individual, but also their business, their family, and anyone else who might be connected to their franchise. Before signing any release, a franchisee should carefully consider the implications and consult with an attorney to ensure they understand the full extent of what they are giving up. This is a standard practice in franchising, as franchisors typically seek to protect themselves from future claims by obtaining broad releases from franchisees.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.