In the Chatime General Release, what is the title given to the party signing the release?
Chatime Franchise · 2025 FDDAnswer from 2025 FDD Document
IN WITNESS WHEREOF, the UNDERSIGNED executed this General Release on the day and year first above written.
FRANCHISEE: (Signature) (Print name)
Source: Item 23 — Receipts (FDD pages 58–262)
What This Means (2025 FDD)
According to Chatime's 2025 Franchise Disclosure Document, the title given to the party signing the General Release is "FRANCHISEE". The document provides a signature line for the franchisee to execute the release, including spaces for their signature and printed name.
This indicates that the franchisee is the party providing the release of claims. This is a common practice in franchising, especially upon renewal, sale, or transfer of the franchise, where the franchisor seeks assurance that the franchisee will not pursue any past claims against them.
However, it's important to note that certain states, such as Maryland and North Dakota, have specific amendments that may limit the enforceability of such general releases, particularly concerning liabilities under their respective franchise laws. Therefore, a franchisee should carefully review the General Release and any applicable state-specific amendments with legal counsel to understand their rights and obligations fully.