Does the Benihana Franchise Disclosure Document include a General Release Form as an exhibit?
Benihana Franchise · 2024 FDDAnswer from 2024 FDD Document
Exhibit G to General Release Form Disclosure Document
EXHIBIT A
BENIHANA NATIONAL CORP. FRANCHISE AGREEMENT CONTRACT DATA SHEET
EXHIBIT G TO BENIHANA NATIONAL CORP. FRANCHISE DISCLOSURE DOCUMENT
FORM OF GENERAL RELEASE
- (g) Franchisee shall execute a general release, in the form BNC requires, of any and all claims in existence against BNC and its affiliates, successors and assigns, and their respective officers, directors,
agents and employees; and
(h) Franchisee shall have satisfied all monetary obligations owed by Franchisee to BNC and its affiliates.
Source: Item 22 — CONTRACTS (FDD pages 73–74)
What This Means (2024 FDD)
Yes, according to the 2024 Benihana Franchise Disclosure Document, a General Release Form is included as an exhibit. Specifically, Exhibit G to the Franchise Disclosure Document is the General Release Form.
This means that prospective Benihana franchisees can review the exact form of the general release they will be required to sign. The General Release Form is a standard legal document where the franchisee releases Benihana from any and all claims against them.
Furthermore, the Franchise Agreement states that the franchisee must execute a general release, in the form that Benihana requires, of any and all existing claims against Benihana and its affiliates, successors, assigns, officers, directors, agents, and employees. This requirement is in addition to satisfying all monetary obligations owed to Benihana and its affiliates.