What is the financial scope of the Care Plus Medical Ucc General Release?
Care_Plus_Medical_Ucc Franchise · 2024 FDDAnswer from 2024 FDD Document
Attachment 5 to Franchise Agreement
FORM OF GENERAL RELEASE
[This is our current standard form of General Release. This document is not signed when you purchase a franchise. In circumstances such as a renewal of your franchise or as a condition of our approval of a sale of your franchise, we may require you to sign a general release.]
This General Release ("Release") is executed by the undersigned ("Releasor") in favor of Care Plus Medical UCC, LLC, a Wyoming Limited Liability Company ("Care Plus Medical UCC").
Background Statement: [describe circumstances of Release]
Source: Item 22 — CONTRACTS (FDD page 41)
What This Means (2024 FDD)
According to Care Plus Medical Ucc's 2024 Franchise Disclosure Document, a general release is required in certain circumstances, such as a renewal or sale of the franchise. The document itself is not signed when purchasing the franchise initially. The General Release is executed by the Releasor in favor of Care Plus Medical UCC, LLC.
The FDD includes a form of general release as Attachment 5 to the Franchise Agreement. The background statement section of the release is intended to describe the circumstances of the release.
In New York, franchisees are not required to assent to a release, assignment, novation, waiver, or estoppel that would relieve Care Plus Medical UCC from any duty or liability imposed by New York General Business Law, Article 33. Additionally, any provision in the agreement that binds the franchisee to waive compliance by Care Plus Medical UCC with any provision of New York General Business Law is deleted.