What is addressed in section 2.2 of the Canine Dimensions TERI agreement?
Canine_Dimensions Franchise · 2025 FDDAnswer from 2025 FDD Document
This release shall not apply to any claims which the Franchisee may have arising under (a) the California Franchise Investment Law or the California Franchise Relations Act; (b) the Hawaii Franchise Investment Law; (c) the Maryland Franchise Registration and Disclosure Law; (d) the Minnesota Franchise Act; (e) the New York Franchise Investment Law; (f) the North Dakota Franchise Investment Law; or (g) the Washington Franchise Investment Protection Act, RCW 19.100, and the rules adopted thereunder. This release shall exclude claims arising from Franchisee's failure to pay any amounts due Canine Dimensions in the ordinary course of business. The parties expressly agree that this Mutual General Release Agreement will not apply to any claims Canine Dimensions may have under any Promissory Notes ancillary to the Franchise Agreement, or that pertain to other payment arrangements that the parties may have agreed upon.
Source: Item 22 — CONTRACTS (FDD page 36)
What This Means (2025 FDD)
Based on the 2025 Franchise Disclosure Document, there is no mention of a "TERI agreement" for Canine Dimensions. However, section 2.2 of the Mutual General Release Agreement outlines specific claims that the release does not apply to. These include claims the franchisee may have arising under various state franchise laws, such as the California Franchise Investment Law, the Hawaii Franchise Investment Law, the Maryland Franchise Registration and Disclosure Law, the Minnesota Franchise Act, the New York Franchise Investment Law, the North Dakota Franchise Investment Law, or the Washington Franchise Investment Protection Act.
Additionally, the release does not apply to claims arising from the franchisee's failure to pay amounts due to Canine Dimensions in the ordinary course of business. The agreement also specifies that it will not apply to any claims Canine Dimensions may have under any promissory notes ancillary to the Franchise Agreement, or that pertain to other payment arrangements the parties may have agreed upon.
Prospective franchisees should carefully review the Mutual General Release Agreement and understand which claims are being released and which are not. It is important to consult with a legal professional to fully understand the implications of this agreement before signing.