What does the Chocolate Fish Coffee General Release cover?
Chocolate_Fish_Coffee Franchise · 2024 FDDAnswer from 2024 FDD Document
the Lease. If Franchisor becomes the lessee of the Leased Premises, then Franchisor shall have the right to assign or sublease its lease to a franchisee of the Chocolate Fish brand. Any provision of the Lease which limits Tenant's right to own or operate other Chocolate Fish outlets in proximity to the Leased Premises shall not apply to Franchisor.
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- Authorization. Tenant authorizes Landlord and Franchisor to communicate directly with each other about Tenant and Tenant's business.
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- Right to Enter. Upon the expiration or termination of the Franchise Agreement or the Lease, or the termination of Tenant's right of possession of the Leased Premises, Franchisor or its designee may, after giving reasonable prior notice to Landlord, enter the Leased 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 23 — RECEIPTS (FDD pages 41–119)
What This Means (2024 FDD)
According to the 2024 Chocolate Fish Coffee Franchise Disclosure Document, the General Release is a standard form (Attachment 5) that is not signed when purchasing a franchise. However, Chocolate Fish Coffee may require a franchisee to sign it in circumstances such as a renewal of the franchise or as a condition of approval for a sale of the franchise.
The General Release is executed by the franchisee (referred to as "Releasor") in favor of Chocolate Fish Franchising, LLC. The document includes a background statement describing the circumstances of the release.
For Maryland residents, the release does not apply to any liability under the Maryland Franchise Registration and Disclosure Law. For Washington residents, a release or waiver of rights executed by a franchisee shall not include rights under the Washington Franchise Investment Protection Act unless it is executed pursuant to a negotiated settlement after the franchise agreement is in effect and where the parties are represented by independent counsel.