Is there a Release form included as an exhibit in the Best Brains FDD?
Best_Brains Franchise · 2025 FDDAnswer from 2025 FDD Document
I have received a disclosure document dated May 27, 2025 that included the following Exhibits:
Exhibit A State Administrators and Agents for Service of Process
Exhibit B Franchise Agreement
Schedule 1-Franchise Location
Schedule 2-Lease Rider
Schedule 3-ACH Authorization Form
Schedule 4-Initial Inventory Agreement
Schedule 5-State Law Addenda to the Franchise Agreement
Exhibit C Promissory Notes Exhibit D Option Agreement Exhibit E List of Franchisees
Exhibit F List of Former Franchisees
Exhibit G Release
Exhibit H Financial Statements
Exhibit I State Addenda to the Disclosure Document
Exhibit J State Effective Dates
Exhibit K Receipts
Source: Item 22 — CONTRACTS (FDD page 42)
What This Means (2025 FDD)
According to the 2025 Best Brains Franchise Disclosure Document, a Release form is included as an exhibit. Specifically, Exhibit G to the disclosure document contains the Release agreement.
Exhibit K is also included as an exhibit and is a receipt. The receipt summarizes certain provisions of the franchise agreement and other information in plain language. The FDD indicates that prospective franchisees should read the disclosure document and all agreements carefully.
Additionally, the Best Brains FDD includes a section detailing the specifics of the release, including a release by the franchisee and all related parties of the franchisor and related parties from any and all claims. The release also includes a section where California Releasors expressly waive rights and benefits under California Civil Code §1542. The release does not apply to liabilities arising under specific state franchise laws, including those in California, Indiana, Maryland, Michigan, Minnesota, North Dakota, Rhode Island, and Washington.