Does the Canine Dimensions TERI agreement discuss obtaining a successor franchise?
Canine_Dimensions Franchise · 2025 FDDAnswer from 2025 FDD Document
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, the Mutual General Release Agreement addresses the possibility of obtaining a successor franchise. Specifically, the agreement is used when a franchisee desires to transfer their franchise or obtain a successor franchise.
Canine Dimensions requires the franchisee to sign this release as a condition of consenting to the transfer or renewal of the franchise. This agreement releases Canine Dimensions from any claims the franchisee may have against them, with some exceptions for claims arising under specific state franchise laws or the franchisee's failure to pay amounts due to Canine Dimensions.
This indicates that the process of obtaining a successor franchise with Canine Dimensions involves a formal release of claims, protecting the franchisor from potential future liabilities related to the original franchise agreement. Prospective franchisees should carefully review the terms of the Mutual General Release Agreement and understand its implications before seeking a successor franchise.