When is a release or waiver of rights valid for a Black Bear Diner franchisee in Washington?
Black_Bear_Diner Franchise · 2025 FDDAnswer from 2025 FDD Document
rovided, however, Franchisee shall not be required to pay the then-current Franchise Fee;
- (f) Franchisee has complied with Franchisor's then-current training requirements for franchisees and their employees;
- (g) Franchisee pays a renewal fee of $5,000 at time of signing the then-current form of franchise agreement; and
- (g) Franchisee has executed a g
Source: Item 23 — RECEIPT (FDD pages 56–243)
What This Means (2025 FDD)
According to the 2025 Black Bear Diner Franchise Disclosure Document, a franchisee must execute a general release of claims against Black Bear Diner and its affiliates to renew their franchise agreement. This release must cover any claims arising from the current agreement or related agreements.
Specifically, to qualify for a renewal term of ten years, the franchisee must fulfill several conditions by the end of the initial term. These include substantial compliance with the existing agreement, maintaining possession of the approved location, completing necessary remodeling to reflect the current Black Bear Diner image, providing timely notice of intent to renew, and executing the then-current franchise agreement.
Additionally, the franchisee must comply with current training requirements, pay a $5,000 renewal fee upon signing the new franchise agreement, and execute the general release of claims. This release ensures that Black Bear Diner is protected from potential legal disputes related to the previous franchise term before entering into a new agreement with the franchisee.