What exhibit contains the General Release Agreement for Corcoran?
Corcoran Franchise · 2025 FDDAnswer from 2025 FDD Document
| 1. | Real Estate Franchise Agreement, including Guaranty of Payment and Performance, Security Agreement and State Addenda | Exhibit C |
|---|---|---|
| 2. | Location Addendum to Franchise Agreement | Exhibit C-1 |
| 3. | Limited Purpose Office Addendum | Exhibit C-2 |
| 4. | General Release Agreement | Exhibit C-3 |
| 5. | Conversion Promissory Note | Exhibit D-1 |
| 6. | Expansion Promissory Note | Exhibit D-2 |
| 7. | Security Agreement | Exhibit D-3 |
| 8. | Confidentiality Agreement | Exhibit E |
Source: Item 22 — CONTRACTS (FDD page 75)
What This Means (2025 FDD)
According to Corcoran's 2025 Franchise Disclosure Document, the General Release Agreement is found in Exhibit C-3. This agreement likely outlines the terms and conditions under which a franchisee might release Corcoran from certain liabilities or claims, and vice versa.
Prospective franchisees should carefully review this agreement with legal counsel to understand its implications. It is essential to know what rights you are waiving and under what circumstances the release applies. The General Release Agreement is a standard legal document in franchising, but its specific terms can vary significantly.
Understanding the scope and limitations of the General Release Agreement is crucial before signing any franchise agreement with Corcoran. Franchisees should pay close attention to the conditions under which the release is effective and any exceptions that may apply. This will help ensure that they are fully aware of their rights and responsibilities as a franchisee.