Does the Card My Yard general release cover debts?
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 the 2025 Card My Yard FDD, a general release is required from the franchisee and their owners upon renewal of the franchise agreement. This release covers all claims against Card My Yard, its affiliates, and their respective personnel.
Specifically, the general release encompasses any and all claims against Card My Yard, its affiliates, and their officers, directors, shareholders, partners, members, agents, representatives, independent contractors, servants, and employees, both past and present, in their corporate and individual capacities. This includes, but is not limited to, claims arising under the franchise agreement or under federal, state, or local laws, rules, regulations, or orders.
While the FDD specifies the parties and types of claims covered by the general release, it does not explicitly state whether this release includes debts. A prospective franchisee should seek clarification from Card My Yard regarding whether the general release extends to debts owed to the franchisor or other parties.