Besides the Benjamin Franklin Plumbing franchisee, who else is required to sign the general release?
Benjamin_Franklin_Plumbing Franchise · 2025 FDDAnswer from 2025 FDD Document
THIS GENERAL RELEASE is signed by: (i) Benjamin Franklin Franchising SPE LLC ("Franchisor"); (ii) the BENJAMIN FRANKLIN PLUMBING franchisee named at the end of the document ("Franchisee" or "you"); and (iii) Franchisee's owners (the "Owners") as an express condition of Franchisee and/or the Owners: (1) (a) renewing, (b) transferring, (c) or modifying the Territory of their BENJAMIN FRANKLIN PLUMBING franchise, or (2) licensing an additional BENJAMIN FRANKLIN PLUMBING Territory.
Source: Item 22 — CONTRACTS (FDD pages 87–88)
What This Means (2025 FDD)
According to Benjamin Franklin Plumbing's 2025 Franchise Disclosure Document, in addition to the franchisee, the franchisee's owners (referred to as "Owners") must also sign the General Release. This requirement is an express condition when a Benjamin Franklin Plumbing franchisee renews, transfers, or modifies their franchise territory, or licenses an additional territory.
The General Release serves to release Benjamin Franklin Franchising SPE LLC from any claims related to the franchise. By signing the release, the franchisee and their owners acknowledge this and agree to its terms. This includes understanding the potential for facts to change and accepting the risk associated with those changes.
The document also stipulates that the person signing the General Release on behalf of the franchisee must be authorized to do so, and that both the franchisee and the owners have the authority to enter into the General Release on behalf of all other Franchisee Parties. This ensures that all relevant parties are bound by the terms of the release, providing Benjamin Franklin Plumbing with a comprehensive defense against potential future claims.