What release must a Costa Vida Fresh Mexican Grill transferor sign?
Costa_Vida_Fresh_Mexican_Grill Franchise · 2025 FDDAnswer from 2025 FDD Document
- (viii) you and your Owners and Affiliates must, unless limited or prohibited by applicable law, sign a general release, in form and substance satisfactory to us, of any and all claims against us, our Affiliates, shareholders, members, officers, directors, employees, agents, successors and assigns;
Source: Item 23 — RECEIPTS (FDD pages 67–282)
What This Means (2025 FDD)
According to the 2025 Costa Vida Fresh Mexican Grill FDD, a transferor, along with their Owners and Affiliates, must sign a general release as part of the transfer conditions. This release must be in a form and substance that is satisfactory to Costa Vida Fresh Mexican Grill.
This general release serves to protect Costa Vida Fresh Mexican Grill from any potential claims that the transferor, their Owners, or Affiliates might have against them. The release covers Costa Vida Fresh Mexican Grill, its Affiliates, shareholders, members, officers, directors, employees, agents, successors, and assigns. By signing this release, the transferor essentially waives any right to pursue legal action against Costa Vida Fresh Mexican Grill related to the franchise agreement or any other related matter.
It is important for prospective Costa Vida Fresh Mexican Grill franchisees to understand the implications of this release. Before signing, transferors should carefully review the terms of the release and consider seeking legal counsel to ensure they fully understand what rights they are waiving. This is a standard practice in franchising to protect the franchisor from future liabilities after a transfer occurs.