Who is the 'Franchisor' in the Chocolate Fish Coffee General Release?
Chocolate_Fish_Coffee Franchise · 2024 FDDAnswer from 2024 FDD Document
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").
Source: Item 23 — RECEIPTS (FDD pages 41–119)
What This Means (2024 FDD)
According to Chocolate Fish Coffee's 2024 Franchise Disclosure Document, the franchisor in the General Release is Chocolate Fish Franchising, LLC, a Wyoming Limited Liability Company. The General Release is included as Attachment 5 to the Franchise Agreement.
The document states that the General Release is executed by the Releasor in favor of Chocolate Fish Franchising, LLC. The General Release is typically required in circumstances such as a renewal of the franchise or as a condition of approval for the sale of the franchise.
This means that franchisees may be asked to sign this release under certain circumstances, agreeing to release Chocolate Fish Franchising, LLC from potential liabilities. Prospective franchisees should carefully review the terms of the General Release and understand its implications before signing it, especially regarding any potential claims they may have against the franchisor.