Who does the RELEASEE release and discharge in the Boulder Designs General Release?
Boulder_Designs Franchise · 2025 FDDAnswer from 2025 FDD Document
bers, partners, owners and employees (in their corporate and individual capacities), and RELEASEE'S successors and assigns, from any and all causes of action, suits, arbitrations, debts, damages, judgments, executions, claims and demands whatsoever, in law or in equity, that RELEASOR and RELEASOR'S heirs, executors, administrators, successors and assigns had, now have or may have, upon or by reason of any matter, cause or thing whatsoever from the beginning of the world to the date of this RELEASE arising out of or related to the Franchise, the Franchised Business (as defined in the Franchise Agreement) or the Franchise Agreement, including, without limitation, claims arising under federal, state or local laws, rules or ordinances; and
RELEASEE hereby releases and discharges RELEASOR, RELEASOR'S officers, directors, managers, agents, legal representatives, attorneys, shareholders, members, partners, owners and employees (in their corporate and individual capacities)
Source: Item 23 — RECEIPT (FDD pages 50–217)
What This Means (2025 FDD)
According to Boulder Designs' 2025 Franchise Disclosure Document, the RELEASEE in the General Release discharges the RELEASOR, along with a list of related parties and entities. This includes the RELEASOR's officers, directors, managers, agents, legal representatives, attorneys, shareholders, members, partners, owners, and employees, both in their corporate and individual capacities. The release also extends to the RELEASOR's successors and assigns.
This means that the RELEASEE agrees not to pursue any legal claims against the RELEASOR or any of the associated individuals or entities listed in the document. The scope of this release covers a broad range of potential legal actions, including suits, arbitrations, debts, damages, judgments, executions, claims, and demands, whether based in law or equity. The release pertains to any matter, cause, or thing whatsoever from the beginning of the world to the date of the release, specifically arising out of or related to the franchise, the franchised business, or the franchise agreement.
However, it's important to note that this General Release does not apply to claims arising under the Washington Franchise Investment Protection Act, RCW 19.100, and the rules adopted thereunder. This carve-out means that franchisees in Washington State retain their rights to pursue claims under this specific law, regardless of the General Release. Prospective franchisees should carefully review the General Release and understand its implications, particularly in relation to state-specific franchise laws.