What agreement must a Bumble Roofing franchisee sign to renew their franchise?
Bumble_Roofing Franchise · 2025 FDDAnswer from 2025 FDD Document
The franchise agreement requires franchisee to execute a general release of claims upon renewal or transfer of the franchise agreement. California Corporations Code Section 31512 provides that any condition, stipulation or provision purporting to bind any person acquiring any franchise to waive compliance with any provision of that law or any rule or order there under is void. Section 31512 voids a waiver of your rights under the Franchise Investment Law (California Corporations Code Section 20010 voids a waiver of your rights under the Franchise Relations Act (Business and Professions Code Sections 20000 – 20043).
Source: Item 17 — RENEWAL, TERMINATION, TRANSFER AND DISPUTE RESOLUTION (FDD pages 43–45)
What This Means (2025 FDD)
According to the 2025 Bumble Roofing Franchise Disclosure Document, the franchise agreement requires franchisees in California to execute a general release of claims upon renewal. However, California Corporations Code Section 31512 states that any condition that requires a person acquiring a franchise to waive compliance with any provision of that law is void. This means a franchisee's rights under the Franchise Investment Law cannot be waived.
In Maryland, the general release required as a condition of renewal will not apply to any liability under the Maryland Franchise Registration and Disclosure Law. This ensures that franchisees in Maryland retain their rights and protections under Maryland franchise law, even when signing a general release for renewal.
Prospective Bumble Roofing franchisees should be aware of these state-specific stipulations regarding waivers and releases, particularly concerning renewal agreements. It is important to consult with a legal professional to fully understand the implications of these clauses and how they apply to their specific circumstances, especially in California and Maryland.