What agreement must each Beverly Anns Cookie Designated Manager sign?
Beverly_Anns_Cookie Franchise · 2025 FDDAnswer from 2025 FDD Document
- 16.3.10 General Release.
You and each of your Owners sign a general release in the form we prescribe for all known and unknown claims against us, our affiliates and subsidiaries, and our and their respective members, officers, directors, agents and employees, arising before or contemporaneously with the Transfer.
If the proposed transferee has any previous relationship with us or our affiliates, then the proposed transferee must also execute a general release.
Source: Item 23 — RECEIPTS (FDD pages 57–235)
What This Means (2025 FDD)
Based on the 2025 Beverly Anns Cookie Franchise Disclosure Document, when transferring a franchise, both the franchisee and their owners must sign a general release. This release, in a form prescribed by Beverly Anns Cookie, covers all known and unknown claims against Beverly Anns Cookie, its affiliates, subsidiaries, and their respective members, officers, directors, agents, and employees. The claims covered are those arising before or contemporaneously with the transfer of the franchise.
If the proposed transferee has had any prior dealings with Beverly Anns Cookie or its affiliates, they are also required to execute a general release. This ensures that Beverly Anns Cookie is protected from potential liabilities or disputes that may arise from past relationships or transactions.
This requirement is a standard practice in franchising to provide legal protection to the franchisor during franchise transfers. It is important for franchisees and transferees to carefully review the terms of the general release and understand its implications before signing, as it waives their rights to pursue certain claims against Beverly Anns Cookie.