What is the Franchisee's acknowledgement regarding the signing of the Burneys Sweets More release?
Burneys_Sweets_More Franchise · 2025 FDDAnswer from 2025 FDD Document
The undersigned further state that they have carefully read the foregoing instrument; that they know the contents thereof; that they understand and agree to each and every term and condition contained herein; that they signed the same as their own free act and deed; and that they have not assigned any rights released hereunder to any person or organization, private or governmental.
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- Franchisee hereby covenants and agrees that it and Franchisee Parties shall not make, at any time or place, any disparaging remarks, verbally or in writing, concerning any of the Franchisor Parties' actions or perceived omissions, regarding any matter connected with this Release Agreement or otherwise take any action that would disparage or cast doubt upon the business acumen or judgment of any other party. Franchisee understands and acknowledges that each Franchisor Parties' business and reputation are of special, unique, and extraordinary character, which gives them a particular value, the loss of which cannot reasonably be compensated in damages in an action at law. Accordingly, Franchisee further agrees that in addition to any other rights or remedies that it may possess at law, Franchisor and Franchisor Parties shall be entitled to injunctive and other equitable relief in order to prevent or remedy a breach of the provisions of this Agreement by Franchisee or Franchisee Parties.
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- The terms of this Release arose from discussions between the parties. Accordingly, no claimed ambiguity in this Release shall be construed against any party claimed to have drafted or proposed the language in question.
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- This Release shall be governed by and construed pursuant to the laws of the State of North Carolina.
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- This Release may be executed in two copies, each of which shall be deemed an original.
Source: Item 23 — RECEIPT (FDD pages 50–199)
What This Means (2025 FDD)
According to the 2025 Burneys Sweets More Franchise Disclosure Document, franchisees acknowledge several key points when signing the release. They confirm they have carefully read the document, understand its contents, and agree to all terms and conditions. This includes acknowledging that they sign the release as their own free act and deed, and that they have not assigned any rights released under the agreement to any other party. This indicates that the franchisee is entering the agreement willingly and understands the implications of the release.
Furthermore, the franchisee agrees not to make any disparaging remarks, either verbally or in writing, about the Franchisor Parties' actions or omissions related to the Release Agreement. This extends to any action that could disparage or cast doubt on the business acumen or judgment of any other party. Burneys Sweets More emphasizes the unique and extraordinary character of the Franchisor Parties' business and reputation, highlighting the potential for irreparable harm if this clause is violated.
As a result, Burneys Sweets More franchisees acknowledge that the franchisor is entitled to injunctive and other equitable relief to prevent or remedy any breach of these provisions. The document also states that the terms of the Release arose from discussions between the parties, ensuring that no ambiguity will be construed against any party based on who drafted the language. The Release is governed by the laws of North Carolina, and it can be executed in two copies, each considered an original. These stipulations ensure that the agreement is legally sound and protects the interests of Burneys Sweets More.