factual

What note is referenced in the Benjamin Franklin Plumbing subsequent events disclosure?

Benjamin_Franklin_Plumbing Franchise · 2025 FDD

Answer from 2025 FDD Document

Note: Where required by state law, this Release will be modified so that it does not apply to your rights under the state law. Please see Exhibit K to the disclosure document.

THIS GENERAL RELEASE DOES NOT APPLY WITH RESPECT TO CLAIMS ARISING UNDER THE WASHINGTON FRANCHISE INVESTMENT PROTECTION ACT, RCW 19.100, AND THE RULES ADOPTED THEREUNDER.

Source: Item 22 — CONTRACTS (FDD pages 87–88)

What This Means (2025 FDD)

According to the 2025 Benjamin Franklin Plumbing Franchise Disclosure Document, the General Release includes a note regarding state law. Specifically, the note states that where required by state law, the General Release will be modified so that it does not apply to your rights under the state law. Exhibit K to the disclosure document provides further information on this topic.

This note is important for prospective Benjamin Franklin Plumbing franchisees because it clarifies that the General Release, which franchisees must sign when renewing their franchise, transferring it, modifying their territory, or licensing an additional territory, is subject to state laws. This means that the rights a franchisee has under state law will not be affected by the General Release if the state law requires such protection.

Furthermore, the General Release explicitly states that it does not apply to claims arising under the Washington Franchise Investment Protection Act, RCW 19.100, and the rules adopted thereunder. This provides an additional layer of protection for franchisees in Washington, ensuring that their rights under this specific act are not waived by signing the General Release. Franchisees in other states should review Exhibit K to understand how their state laws may impact the General Release.

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.