Under the Crave agreement, what entities are franchisees releasing from claims?
Crave Franchise · 2025 FDDAnswer from 2025 FDD Document
BY EXECUTING THE FRANCHISE AGREEMENT, FRANCHISEE AND ANY PRINCIPAL, INDIVIDUALLY AND ON BEHALF OF FRANCHISEE'S AND SUCH PRINCIPAL'S HEIRS, LEGAL REPRESENTATIVES, SUCCESSORS AND ASSIGNS, HEREBY FOREVER RELEASE AND DISCHARGE CRAVE FRANCHISING, LLC AND ANY OF ITS PARENT COMPANY, SUBSIDIARIES, DIVISIONS, AFFILIATES, SUCCESSORS, ASSIGNS AND DESIGNEES, AS WELL AS THEIR DIRECTORS, OFFICERS, EMPLOYEES, AGENTS, AND SHAREHOLDERS FROM ANY AND ALL CLAIMS, DEMANDS AND JUDGMENTS RELATING TO OR ARISING UNDER THE STATEMENTS, CONDUCT, CLAIMS OR ANY OTHER AGREEMENT BETWEEN THE PARTIES EXECUTED PRIOR TO THE DATE OF THE FRANCHISE AGREEMENT, INCLUDING, BUT NOT LIMITED TO, ANY AND ALL CLAIMS, WHETHER PRESENTLY KNOWN OR UNKNOWN, SUSPECTED OR UNSUSPECTED, ARISING UNDER THE FRANCHISE, SECURITIES, TAX OR ANTITRUST LAWS OF THE UNITED STATES OR OF ANY STATE OR TERRITORY THEREOF. THIS RELEASE IS SPECIFICALLY INAPPLICABLE TO ANY CLAIMS ARISING FROM REPRESENTATIONS MADE BY FRANCHISOR IN FRANCHISOR'S FRANCHISE DISCLOSURE DOCUMENT RECEIVED BY FRANCHISEE.
Source: Item 23 — RECEIPTS (FDD pages 63–253)
What This Means (2025 FDD)
According to Crave's 2025 Franchise Disclosure Document, franchisees, along with their principals, heirs, legal representatives, successors, and assigns, release Crave Franchising, LLC, including its parent company, subsidiaries, divisions, affiliates, successors, assigns, and designees. This release also extends to their directors, officers, employees, agents, and shareholders.
This release covers all claims, demands, and judgments relating to statements, conduct, claims, or any other agreement between the parties executed before the franchise agreement date. It encompasses both known and unknown claims arising under franchise, securities, tax, or antitrust laws of the United States or any state or territory. However, this release does not apply to claims arising from representations made by Crave in its Franchise Disclosure Document received by the franchisee.
In essence, as a Crave franchisee, you are agreeing to waive your right to sue Crave and related parties for any issues that occurred before signing the franchise agreement, except for misrepresentations in the FDD itself. This is a significant commitment, so it's important to fully understand what you are giving up. Franchisees should carefully review all documents and conduct thorough due diligence before signing the agreement to ensure they are not aware of any potential claims they may have.