factual

According to the Canine Dimensions FDD, what agreement is outlined in Schedule B?

Canine_Dimensions Franchise · 2025 FDD

Answer from 2025 FDD Document

SCHEDULE B

MUTUAL GENERAL RELEASE AGREEMENT

Source: Item 22 — CONTRACTS (FDD page 36)

What This Means (2025 FDD)

According to Canine Dimensions' 2025 Franchise Disclosure Document, Schedule B outlines the Mutual General Release Agreement. This agreement is made between Canine Dimensions Franchising, LLC and the franchisee. It details the terms under which both parties release each other from claims, debts, liabilities, and demands.

The Mutual General Release Agreement includes several key provisions. It specifies that the release covers claims arising before the date of the agreement but excludes claims arising from continuing rights reserved in the agreement. Certain state franchise laws, such as those in California, Hawaii, Maryland, Minnesota, New York, North Dakota, and Washington, are also excluded from this release to protect the franchisee's rights under those laws. Additionally, the agreement does not apply to claims related to the franchisee's failure to pay amounts due to Canine Dimensions in the ordinary course of business or any promissory notes related to the Franchise Agreement.

The agreement also includes a waiver of California Civil Code Section 1542, where the franchisee acknowledges familiarity with the section and its implications. The Mutual General Release Agreement takes effect upon execution by Canine Dimensions in Florida and is governed by Florida law. The agreement's provisions are severable, ensuring that the remaining provisions remain in effect even if some are deemed unenforceable. Finally, any corporate entity signing the agreement warrants that it is in good standing and has the authority to enter into the agreement.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.