Is the Card My Yard general release influenced by any external factors?
Card_My_Yard Franchise · 2025 FDDAnswer from 2025 FDD Document
rd My Yard business as we may reasonably require and must otherwise upgrade the Card My Yard business to reflect the then-current standards and image of the System;
- (3) You must not be in default of this Agreement, neither you nor your Affiliates may be in default of any other agreement with us or any of our Affiliates; and you and your Affiliates shall have substantially and timely complied with the terms and conditions of such agreements during their respective terms;
- (4) You must have timely satisfied all monetary obligations owed to us and our Affiliates under this Agreement and any other agreement between you or any of your Affiliates and us or any of our Affiliates;
- (5) You must present evidence satisfactory to us that you have the right to remain in possession of the Franchise Location during the entire renewal term or obtain our consent to a new site for the Card My Yard business;
- (6) You must execute our then-current form of renewal franchise agreement, which will supersede this Agreement in all respects, and the terms of which may differ from the terms of this Agreement, except thatthe fees on renewal will not be greater than the feesthat we then impose on similarly situated renewing franchisees;
- (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, regulat
Source: Item 23 — RECEIPTS (FDD pages 84–259)
What This Means (2025 FDD)
According to the 2025 Card My Yard Franchise Disclosure Document, several factors can influence the general release required upon renewal of the franchise agreement.
First, a franchisee must not be in default of the existing franchise agreement or any other agreement with Card My Yard or its affiliates. This includes timely compliance with all terms and conditions of such agreements. Second, all monetary obligations owed to Card My Yard and its affiliates must be satisfied. Third, the franchisee needs to present satisfactory evidence of their right to remain in possession of the franchise location for the entire renewal term or obtain Card My Yard's consent for a new site.
Additionally, the franchisee must execute Card My Yard's then-current form of renewal franchise agreement, which will supersede the original agreement and may have differing terms. The fees on renewal, however, will not be greater than those imposed on similarly situated renewing franchisees. Finally, the franchisee and their owners must execute a general release of any and all claims against Card My Yard, its affiliates, and their respective personnel. Compliance with Card My Yard's then-current qualification and training requirements is also mandatory for renewal.