Does the Craters & Freighters disclosure document include a form of General Release?
Craters_Freighters Franchise · 2025 FDDAnswer from 2025 FDD Document
Sam Winfrey, 331 Corporate Circle, Suite J, Golden, CO 80401, (303) 399-8190.
Issuance Date: April 11, 2025
See Exhibit A and Item 1 for our registered agents authorized to receive service of process.
I received a disclosure document dated April 11, 2025, that included the following Exhibits:
Exhibit A: List of State Agencies and Agents for Service of Process Exhibit B: Table of Contents of Operations Manuals Exhibit C: List of Current Franchisees Exhibit D: List of Former Franchisees Exhibit E: Financial Statements Exhibit F: Franchise Agreement Exhibit G: State Addendum to the Franchise Disclosure Document and Franchise Agreement Exhibit H: Statement of Franchisee Exhibit I: Form of General Release Exhibit J: State Effective Page and Receipts
Source: Item 23 — RECEIPTS (FDD pages 50–193)
What This Means (2025 FDD)
Yes, according to the 2025 Craters & Freighters Franchise Disclosure Document, Exhibit I is a Form of General Release. The document includes a general release that the franchisee must agree to, which is a full, complete, and unconditional release relating to the franchise and the Franchise Agreement.
The franchisee acknowledges that this waiver is an essential and material term of the agreement, and no violation of the agreement will void the release. The agreement also includes clauses on confidentiality, representation by counsel, governing law (Colorado), and miscellaneous terms.
However, the release of claims does not apply to claims arising under the Washington Franchise Investment Protection Act. This agreement may be executed in multiple counterparts, each constituting an original copy. Prospective franchisees should carefully review this General Release with their legal counsel to fully understand its implications before signing the Franchise Agreement.