In the event of a transfer of a Cicis franchise, what form must the general release be in?
Cicis Franchise · 2025 FDDAnswer from 2025 FDD Document
(8) You and your Owners must execute a general release of any and all claims, however and whenever arising, against us, our affiliates, and our and their related parties; and
Source: Item 22 — CONTRACTS (FDD pages 64–65)
What This Means (2025 FDD)
The 2025 Franchise Disclosure Document for Cicis does not specify the required form of the general release in the event of a transfer. However, the document does state that when renewing a franchise agreement, the franchisee and their owners must execute a general release of any and all claims against Cicis, its affiliates, and their related parties.
Because the FDD does not specify the form of the general release for a transfer, prospective franchisees should ask Cicis what specific language or template they require for this release. Understanding the scope and terms of this release is crucial, as it could impact the franchisee's rights and potential future claims against the franchisor.
It is common practice in franchising to require a general release to ensure a clean break and avoid future disputes. However, the exact requirements can vary significantly between franchise systems. Therefore, prospective Cicis franchisees should seek legal counsel to review the release and understand its implications before signing.