Does the release provided to Bumper Man apply to successors and assigns of the franchisor?
Bumper_Man Franchise · 2025 FDDAnswer from 2025 FDD Document
- **6.
Successors and Assigns.** This Release will inure to the benefit of and bind the successor, assigns, heirs and personal representatives of Franchisor and each Releasor.
Source: Item 22 — CONTRACTS (FDD page 45)
What This Means (2025 FDD)
According to Bumper Man's 2025 Franchise Disclosure Document, the release provided by the franchisee and any guarantors does extend to the benefit of and binds the successors and assigns of Bumper Man. This means that if Bumper Man is acquired by another company or transfers its rights, the release remains in effect, protecting the new entity from claims covered in the original release.
This provision ensures that the release remains valid even if the ownership or structure of Bumper Man changes. It provides long-term protection to Bumper Man and any future entities that may assume its role. The franchisee should understand that this release is not limited to the current Bumper Man entity but applies to any successor or assignee, which could have implications if disputes arise in the future under new management or ownership.
It is important for a prospective Bumper Man franchisee to carefully consider the scope of the release and understand that it extends beyond the current franchisor to any successors or assigns. Franchisees should seek legal counsel to fully understand the implications of this clause before signing the release, as it could affect their ability to pursue claims against future owners or managers of the Bumper Man franchise system.