Who are the 'Franchisor Released 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.
[The following language is included in the event the Washington Franchise Investment Protection Act, RCW 19.100 and the rules adopted thereunder apply: "The release of claims does not apply with respect to claims arising under the Washington Franchise Investment Protection Act, RCW 19.100, and the rules adopted thereunder."]
Source: Item 22 — CONTRACTS (FDD page 53)
What This Means (2025 FDD)
According to the 2025 Bumble Roofing Franchise Disclosure Document, the Franchisor Released Parties are defined within the context of a release of claims. This release is part of a Successor Addendum, where the franchisee agrees to release the franchisor from any and all claims in exchange for the franchisor entering into a Successor Franchise Agreement.
The Franchisor Released Parties include Bumble Roofing and its past, present, and future officers, directors, agents, attorneys, employees, shareholders, successors, assigns, members, managers, and Affiliates. This means that the release extends not only to the Bumble Roofing entity itself but also to a wide range of individuals and entities associated with the franchisor, both currently and in the future.
This definition is important for a prospective Bumble Roofing franchisee because it outlines the scope of the claims they are waiving when signing the Successor Franchise Agreement. By signing the release, the franchisee agrees not to pursue any legal action against the Franchisor Released Parties for any events, acts, or omissions that occurred before the date of the Successor Addendum. However, it is important to note that the release of claims does not apply with respect to claims arising under the Washington Franchise Investment Protection Act, RCW 19.100, and the rules adopted thereunder, if applicable.