Who are the 'Franchisee Releasing Parties' as defined in the Bumble Roofing agreement?
Bumble_Roofing Franchise · 2025 FDDAnswer from 2025 FDD Document
shareholders, employees, partners, and affiliates (collectively, the "Franchisee Releasing Parties"), Franchisor and its past, present and future officers, directors, agents, attorneys, employees, shareholders, successors, assigns, members, managers, and Affiliates (collectively, the "Franchisor Released Parties"), for all purposes, of and from any and all claims, debts, demands, damages, costs, expenses, actions, causes of action, or suits of any kind whatsoever, at common law, statutory or otherwise, whether now known or not, whether contingent or matured, including, without limitation, any claim, demand, or cause of action arising out of or in connection with Franchisee's Roofing Businesses or the Franchise Agreements or any other contractual relationship between Franchisee and Franchisor and/or any Franchisor Released Parties, which Franchisee Releasing Parties may have had or may now have directly or indirectly against any or all of Franchisor Released Parties based upon or arising out of any event, act, or omission that has occurred prior to the date hereof. Franchisee Releasing Parties further covenant and agree to never institute, prosecute or assist others to institute or prosecute, or in any way aid any claim, suit, action at law or in equity, or otherwise assert any claim against any or all of Franchisor Released Parties for any damages (actual, consequential, punitive or otherwise), injunctive relief, or other loss or injury either to person or property, cost, expense, attorneys' fees, amounts paid on account of recovery or settlement, or any other damage or harm whatsoever, based upon or arising out of any event, act, or omission that has occurred prior to the date hereof.
Source: Item 22 — CONTRACTS (FDD page 53)
What This Means (2025 FDD)
According to the 2025 Bumble Roofing Franchise Disclosure Document, the Franchisee Releasing Parties include the franchisee itself, along with its heirs, executors, administrators, representatives, successors, assigns, officers, members, managers, directors, shareholders, employees, partners, and affiliates. This definition is relevant in the context of a release of claims, typically when a franchisee enters into a Successor Franchise Agreement.
In essence, this means that when a Bumble Roofing franchisee signs a release, it's not just the franchisee as an individual or business entity that's giving up their right to sue. The release extends to a wide range of related individuals and entities, including family members who might inherit the business, the franchisee's employees, business partners, and any companies affiliated with the franchise.
The purpose of this broad definition is to prevent any of these related parties from later bringing claims against Bumble Roofing based on events that occurred before the date of the release. This protects Bumble Roofing from potential legal action from multiple sources related to the same franchise agreement. Franchisees should be aware of this comprehensive scope and understand that the release affects not only themselves but also a potentially large group of associated individuals and entities.