What do Franchisee and Franchisee's Principal(s) acknowledge regarding promises or representations made to secure the Crave General Release?

According to Crave's 2025 Franchise Disclosure Document, the Franchisee and the Franchisee's Principal(s) acknowledge, warrant, and represent that no promises, representations, or inducements, except as explicitly stated in the General Release, have been offered or made by any Franchisor Released Party to secure the execution of the General Release. They also confirm that the General Release is executed without reliance on any statements or representations not contained within it.

This acknowledgment is significant because it aims to prevent franchisees from later claiming they were misled or induced into signing the General Release based on promises or representations not documented in the release itself. By signing, the franchisee and their principals confirm they are not relying on any external claims or assurances. This protects Crave from potential future disputes based on undocumented understandings.

Furthermore, the franchisee and their principals knowingly waive any claim that the General Release was induced by misrepresentation or nondisclosure. They also waive any right to rescind or avoid the General Release based on presently existing facts, whether known or unknown. This waiver reinforces the finality and enforceability of the General Release, limiting the franchisee's ability to challenge it later based on claims of incomplete information or misunderstanding.

This type of clause is common in franchise agreements to ensure both parties are clear about the terms of any release and to prevent future litigation based on alleged misrepresentations. Prospective Crave franchisees should carefully review the General Release and ensure they understand all its terms before signing, as they will be bound by this acknowledgment.