Does the Card My Yard general release extend to the Released Parties' past agents?
Card_My_Yard Franchise · 2025 FDDAnswer from 2025 FDD Document
- (3) The transferor and its owners,if applicable, shall have executed a general release, in a form satisfactory to us, of any and all claims, against us and our Affiliates, 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 and any other agreement with us or our Affiliates, and under federal, state or local laws, rules, and 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, the general release extends to past and present agents. Specifically, if a franchisee transfers their Card My Yard business, the transferor and its owners must execute a general release in a form satisfactory to Card My Yard.
This release covers any and all claims against Card My Yard and its affiliates, as well as their respective officers, directors, shareholders, partners, members, agents, representatives, independent contractors, servants, and employees, both past and present. The release applies to these individuals and entities in both their corporate and individual capacities.
The claims covered by this release include, but are not limited to, those arising under the Franchise Agreement, any other agreement with Card My Yard or its affiliates, and under federal, state, or local laws, rules, regulations, or orders. This broad language suggests that Card My Yard seeks to protect itself and related parties from a wide range of potential legal actions when a franchise is transferred.