What is the effective date of the Bumper Man General Release?
Bumper_Man Franchise · 2025 FDDAnswer from 2025 FDD Document
| THIS GENERAL RELEASE ("Release") is executed on | by |
|---|---|
| ("Franchisee") and ("Guarantors") as a | |
| condition of transfer or renewal of the Franchise Agreement dated ("Franchise | |
| Agreement") between Franchisee and Bumper Man, Inc. ("Franchisor"). |
Source: Item 22 — CONTRACTS (FDD page 45)
What This Means (2025 FDD)
The 2025 Bumper Man Franchise Disclosure Document (FDD) refers to a General Release that is executed as a condition of transfer or renewal of the Franchise Agreement. The date of the General Release is not specified within the provided excerpts. The FDD includes a table in Item 22 that lists the General Release among other contracts, but the table does not include the date of the release.
Without a specific date, it's difficult to determine the exact period the release covers. Typically, a general release becomes effective upon signing, but the terms within the release dictate the scope and duration of its effect..
A prospective Bumper Man franchisee should ask the franchisor for a copy of the General Release to review its terms and conditions, including the effective date and the scope of the claims being released. Understanding these details is crucial before signing any franchise agreement or related documents.