What does the franchisee warrant regarding ownership of claims being released to Bumper Man?
Bumper_Man Franchise · 2025 FDDAnswer from 2025 FDD Document
- **3.
No Prior Assignment.** Franchisee and Guarantors represent and warrant that the Releasors are the sole owners of all Claims and rights released hereunder and that Releasors have not assigned or transferred, or purported to assign or transfer, to any person or entity, any Claim released under Section 1 above.
Source: Item 22 — CONTRACTS (FDD page 45)
What This Means (2025 FDD)
According to Bumper Man's 2025 Franchise Disclosure Document, franchisees and guarantors must warrant that they are the sole owners of all claims and rights being released. They also warrant that they have not assigned or transferred, nor attempted to assign or transfer, any claim being released to any other person or entity.
This means that when a franchisee signs a release, they are confirming that they have the exclusive right to make the claims being released and that no other party has any claim to those rights. This protects Bumper Man from dealing with third-party claims related to the released issues.
This warranty is a standard legal protection for franchisors. It ensures that the release is valid and enforceable, preventing future disputes over who actually owns the rights being released. A prospective franchisee should carefully review the release and ensure they understand what claims they are giving up and that they have the legal right to do so.