factual

Who are considered 'Checkers Parties' in the Checkersrallys general release?

Checkersrallys Franchise · 2025 FDD

Answer from 2025 FDD Document

Consistent with the previous introduction, you, on your own behalf and on behalf of your successors, heirs, executors, administrators, personal representatives, agents, assigns, partners, shareholders, members, directors, officers, principals, employees, and affiliated entities (collectively, the "Releasing Parties"), hereby forever release and discharge us and our current and former officers, directors, shareholders, principals, employees, agents, representatives, affiliated entities, successors, and assigns (collectively, the "Checkers Parties") from any and all claims, damages (known and unknown), demands, causes of action, suits, duties, liabilities, and agreements of any nature and kind (collectively, "Claims") that you and any of the other Releasing Parties now has, ever had, or, but for this document, hereafter would or could have against any of the Checkers Parties (1) arising out of or related to the Checkers Parties' obligations under the Franchise Agreement or (2) otherwise arising from or related to your and the other Releasing Parties' relationship, from the beginning of time to the date of your signature below, with any of the Checkers Parties. You, on your own behalf and on behalf of the other Releasing Parties, further covenant not to sue any of the Checkers Parties on any of the Claims released by this paragraph and represent that you have not assigned any of the Claims released by this paragraph to any individual or entity who is not bound by this paragraph.

Source: Item 23 — RECEIPTS (FDD pages 92–384)

What This Means (2025 FDD)

According to Checkersrallys's 2025 Franchise Disclosure Document, the "Checkers Parties" are defined within the context of a general release. This release is a legal agreement where the franchisee (and related parties) waive their rights to make claims against Checkersrallys.

The document specifies that "Checkers Parties" include Checkersrallys itself, along with its current and former officers, directors, shareholders, principals, employees, agents, representatives, affiliated entities, successors, and assigns. This definition is comprehensive, encompassing a wide range of individuals and entities associated with Checkersrallys.

For a prospective franchisee, this means that by signing a general release, they are agreeing not to sue or make claims against any of the individuals or entities listed in the definition of "Checkers Parties." This release covers a broad range of potential claims, arising from the franchise agreement or the relationship between the franchisee and Checkersrallys. Franchisees should carefully consider the implications of this release and consult with an attorney before signing.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.