For Chem Dry franchisees signing a Renewal Franchise Agreement, what is the document called that outlines the release agreement?

According to Chem Dry's 2024 Franchise Disclosure Document, franchisees signing a Renewal Franchise Agreement will be required to sign a document called the "Release Agreement".

This agreement stipulates that the franchisee releases Chem Dry from any and all known and unknown claims, causes of action, suits, debts, agreements, promises, and demands of any kind, in law or equity, except for obligations arising from the Renewal Franchise Agreement itself. The franchisee also warrants that they have not assigned any of these claims to someone else.

For franchisees in California, the Release Agreement is a general release that extends to all known and unknown claims, whether suspected or not. These franchisees waive their rights under California Civil Code Section 1542, which states that a general release does not cover claims the creditor is unaware of, which, if known, would have significantly affected the settlement. Prospective franchisees should carefully review this Release Agreement with a legal professional to fully understand its implications before signing.