Who is the 'Releasor' in the Bombs Away General Release?

According to the 2024 Bombs Away Franchise Disclosure Document, the 'Releasor' in the General Release is the undersigned party who is executing the release in favor of Bombs Away Franchising, LLC. This means the Releasor is the party giving up certain rights or claims against Bombs Away Franchising.

In practical terms, the Releasor is agreeing to release Bombs Away Franchising from any and all claims, causes of action, suits, debts, agreements, promises, demands, liabilities, contractual rights, and/or obligations. This release extends to the Releasor and its parents, subsidiaries, affiliates, and their respective past and present officers, directors, shareholders, managers, members, partners, agents, and employees, collectively referred to as the "Releasing Parties."

The document also specifies that the Releasor represents and warrants that they are the sole owner of all claims and have the full power and authority to sign the release. Furthermore, the Releasor acknowledges that they have voluntarily and knowingly signed the release after having the opportunity to consult with legal counsel. Bombs Away may require a general release from the franchisee upon renewal of the franchise agreement or as a condition of approving the sale of the franchise.