Where can I find the Card My Yard General Release form?
Card_My_Yard Franchise · 2025 FDDAnswer from 2025 FDD Document
We will have the unrestricted
right to assign these options, and we or our assignee will be entitled to all customary warranties and representations in connection with the asset transfer, including, without limitation, representations and warranties as to ownership and condition of and title to assets; liens and encumbrances on assets; validity of contracts and agreements; and liabilities affecting the assets, contingent or otherwise; and a general release.
Source: Item 22 — CONTRACTS (FDD page 84)
What This Means (2025 FDD)
Based on the 2025 Card My Yard Franchise Disclosure Document, the general release form is mentioned within the context of the franchisor's option to acquire the assets of the franchisee's Card My Yard business upon termination. Specifically, when Card My Yard exercises its option to acquire the assets, they are entitled to customary warranties and representations related to the asset transfer, including a general release.
However, the FDD does not explicitly state where a copy of the General Release form can be found. It indicates that the franchisee will be required to sign a general release as part of the asset transfer process if the franchisor exercises its option to acquire the business.
Therefore, a prospective franchisee should directly ask the franchisor, Card My Yard, for a sample copy of the General Release form during their due diligence. This will allow the potential franchisee to understand the terms and conditions of the release before entering into the franchise agreement.