factual

What instruments must a Canine Dimensions franchisee execute to evidence liability prior to transfer?

Canine_Dimensions Franchise · 2025 FDD

Answer from 2025 FDD Document

on 1 of the Franchise Agreement are: Approved Location: Protected Territory:

CANINE DIMENSIONS FRANCHISING, LLC Its: Its:

SCHEDULE B

MUTUAL GENERAL RELEASE AGREEMENT

THIS MUTUAL GENERAL RELEASE AGREEMENT is made and entered into this day of, 20, by and between Canine Dimensions Franchising, LLC, a Florida limited liability company ("Canine Dimensions"), whose principal office Loop, Bonita Springs, Florida 34135 and is 23208 Sanabria , with an address at ("Franchisee"). A. Canine Dimensions and Franchisee entered into a Canine Dimensions Franchise Agreement (the "Franchise Agreement") dated, 20 granting Franchisee the right to operate a Canine Dimensions business using the confidential policies, procedures and techniques owned by Canine Dimensions Franchising, LLC, and using certain Marks, including the trademark and service mark Canine Dimensions. B. Franchisee desires to Transfer his/her its Canine Dimensions franchise / obtain a successor franchise (circle one).

C. Canine Dimensions, as permitted by the Franchise Agreement is conditioning its consent to such transfer or renewal on the execution of this Mutual General Release Agreement by Franchisee.

In consideration of the mutual covenants and conditions contained in this Mutual General Release and in the Franchise Agreement, and other good and valuable consideration, receipt of which is hereby acknowledged by each of the parties, the parties agree as follows:

Source: Item 22 — CONTRACTS (FDD page 36)

What This Means (2025 FDD)

According to Canine Dimensions' 2025 Franchise Disclosure Document, a franchisee desiring to transfer their franchise must execute a Mutual General Release Agreement. Canine Dimensions conditions its consent to the transfer on the execution of this agreement by the franchisee. This agreement is made between Canine Dimensions Franchising, LLC and the franchisee and references the original Franchise Agreement. The agreement is required whether the franchisee desires to transfer their franchise or obtain a successor franchise.

The Mutual General Release Agreement includes mutual covenants and conditions, along with other valuable considerations, that are acknowledged by both parties. This agreement takes effect once it is executed and dated by Canine Dimensions in Florida and is governed by Florida law.

Additionally, each owner of an interest in the Canine Dimensions franchise must execute and return to the franchisor a "Guaranty and Assumption of Obligations," which is attached as Schedule D. This ensures that all parties with a stake in the franchise acknowledge and agree to their responsibilities and liabilities.

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.