Where can I find the Form of General Release for Chocolate Fish Coffee?
Chocolate_Fish_Coffee Franchise · 2024 FDDAnswer from 2024 FDD Document
Premises to remove signs and other material bearing Franchisor's brand name, trademarks, and commercial symbols, provided that Franchisor will be liable to Landlord for any damage Franchisor or its designee causes by such removal.
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- No Liability. By executing this Rider, Franchisor does not assume any liability with respect to the Leased Premises or any obligation as Tenant under the Lease.
Executed by: LANDLORD: TENANT: CHOCOLATE FISH FRANCHISING, LLC
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 Chocolate Fish Franchising, LLC, a Wyoming Limited Liability Company ("Chocolate Fish Franchising").
Background Statement: [describe circumstances of Release]
Releasor agrees as follows:
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Source: Item 22 — CONTRACTS (FDD page 41)
What This Means (2024 FDD)
According to the 2024 Chocolate Fish Coffee FDD, the Form of General Release can be found as Attachment 5 to the Franchise Agreement. The document states that the form is the current standard version of the General Release. However, it is typically not signed when initially purchasing a franchise. Chocolate Fish Coffee may require a franchisee to sign the release in circumstances such as a franchise renewal or as a condition for approving the sale of the franchise.
The General Release is executed by the Releasor in favor of Chocolate Fish Franchising, LLC. The document includes a background statement section to describe the circumstances of the release. The release contains several clauses, including one addressing miscellaneous provisions. This clause specifies that if any part of the release is deemed invalid, the remaining provisions will still be effective. It also states that any disputes related to the release will be governed by the dispute resolution, governing law, and venue provisions outlined in the Franchise Agreement.
The General Release also requires the Releasor to take any actions and sign any documents reasonably requested by Chocolate Fish Coffee to fulfill the purpose of the release. The document represents the entire agreement between the parties regarding the subject matter. Additionally, there are state-specific addenda for Maryland and Washington residents, addressing the applicability of the release under their respective state franchise laws.