What agreement is detailed in Exhibit I for a Buns On Fire franchise?
Buns_On_Fire Franchise · 2025 FDDAnswer from 2025 FDD Document
EXHIBIT "I" TRAINING COMPLETION AGREEMENT AND RELEASE
The undersigned is a franchisee of SMYA Ventures LLC, an Illinois limited liability company ("Buns on Fire" or "Franchisor"), owner or operator of or an investor in a Buns on Fire franchise, or a manager of a Buns on Fire Restaurant operated by a Buns on Fire franchisee who is commencing training. As part of such training, the undersigned may visit, inspect, train, and work in one or more of the Buns on Fire Restaurants owned or operated by Franchisor, its affiliates, or by one or more Buns on Fire franchisees. As an inducement to cause the owner of such Buns on Fire Restaurant to permit the undersigned to visit, inspect, train and work in such restaurant, THE UNDERSIGNED HEREBY RELEASES, HOLDS HARMLESS, AND AGREES TO DEFEND & INDEMNIFY SMYA VENTURES LLC, THE OWNER(S) OF SUCH RESTAURANT(S), AND THEIR RESPECTIVE SHAREHOLDERS, OFFICERS, DIRECTORS, EMPLOYEES, AGENTS, REPRESENTATIVES, AFFILIATES, SUCCESSORS AND ASSIGNS (COLLECTIVELY, THE "RELEASED & INDEMNIFIED PARTIES"), FROM AND AGAINST ANY AND ALL LIABILITY, LOSS, INJURY, DAMAGE, COST AND EXPENSE SUFFERED OR INCURRED BY THE UNDERSIGNED AS A RESULT OF ANY SUCH VISIT, INSPECTION, TRAINING, OR WORK. IT IS ACKNOWLEDGED THAT THE FOREGOING RELEASE AND INDEMNITY IS INTENDED TO BE AS BROAD AND COMPREHENSIVE AS PERMITTED BY LAW, AND INCLUDES LIABILITY, COST, DAMAGE
Source: Item 22 — CONTRACTS (FDD pages 48–49)
What This Means (2025 FDD)
According to Buns On Fire's 2025 Franchise Disclosure Document, Exhibit I details the Training Completion Agreement and Release. This agreement is signed by franchisees, operators, investors, or managers commencing training. As part of the training, the individual may visit, inspect, train, and work in one or more Buns On Fire restaurants owned by the franchisor, its affiliates, or other franchisees.
In this agreement, the individual releases, holds harmless, and agrees to defend and indemnify SMYA Ventures LLC, the owners of the restaurants, and their respective shareholders, officers, directors, employees, agents, representatives, affiliates, successors, and assigns from any liability, loss, injury, damage, cost, and expense suffered or incurred as a result of the visit, inspection, training, or work.
The Training Completion Agreement and Release is intended to be broad and comprehensive as permitted by law, and includes liability, cost, and damage.