Is the execution of the Bumper Man General Release a condition for renewal of the Franchise Agreement with Bumper Man?
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)
According to the 2025 Bumper Man Franchise Disclosure Document, the execution of a General Release is a condition for renewal of the Franchise Agreement. This means that as a Bumper Man franchisee, you will be required to sign a General Release to renew your franchise agreement. The General Release is executed by the franchisee and any guarantors.
In practical terms, this release likely involves waiving certain rights or claims against Bumper Man as part of the renewal process. Franchisees should carefully review the terms of the General Release with legal counsel to understand the full scope of what they are agreeing to before signing. This is especially important because these releases can impact a franchisee's ability to pursue legal action against the franchisor in the future.
It's also important to note that the enforceability of such a release can vary by state. For example, in Washington, a release or waiver of rights is void unless executed pursuant to a negotiated settlement after the agreement is in effect and where the parties are represented by independent counsel. Therefore, franchisees should be aware of the specific laws in their state regarding franchise agreements and releases.