Does the Card My Yard general release cover claims that are suspected at the time of the release?
Card_My_Yard Franchise · 2025 FDDAnswer from 2025 FDD Document
- (7) You and your Owners must execute a general release of any and all claims against us, our Affiliates, and our and their respective officers, directors, shareholders, partners, members, agents, representatives, independent contractors, servants and employees, past and present, in their corporate and individual capacities, including, without limitation, claims arising under this Agreement or under federal, state or local laws, rules, regulations or orders;
Source: Item 23 — RECEIPTS (FDD pages 84–259)
What This Means (2025 FDD)
According to Card My Yard's 2025 Franchise Disclosure Document, franchisees and their owners must execute a general release of claims against Card My Yard, its affiliates, and their respective personnel as a condition of renewing their franchise agreement. This release covers all claims, past and present, known or unknown, that the franchisee or their owners may have against Card My Yard.
The general release includes, without limitation, claims arising under the franchise agreement or under federal, state, or local laws, rules, regulations, or orders. This means that any legal issues or disputes that the franchisee might have, whether they are based on the contract itself or on other laws, are covered by the release. By signing this release, the franchisee gives up their right to pursue these claims in the future.
This requirement is a standard practice in franchising, as it protects the franchisor from potential future litigation. However, it is crucial for prospective Card My Yard franchisees to understand the implications of signing such a release. Before renewing their franchise agreement, franchisees should carefully consider whether they have any existing or potential claims against Card My Yard and seek legal advice to fully understand the scope and impact of the release.