What does the Releasor represent regarding ownership of claims against Crave Cookies?
Crave_Cookies Franchise · 2025 FDDAnswer from 2025 FDD Document
- **3.
Representations and Acknowledgments.** Releasor represents and warrants that: (i) Releasor is the sole owner of all Claims, and that no Releasing Party has assigned or transferred, or purported to assign or transfer, to any person or entity, any Claim; (ii) Releasor has full power and authority to sign this Release; and (iii) this Release has been voluntarily and knowingly signed after Releasor has had the opportunity to consult with counsel of Releasor's choice.
Releasor acknowledges that the release in Section 1 is a complete defense to any Claim.
5. The State of Washington. This general release does not apply with respect to claims arising under the Washington Franchise Investment Protection Act, RCW 19.100, and the rules adopted thereunder.
Source: Item 23 — RECEIPTS (FDD pages 47–194)
What This Means (2025 FDD)
According to Crave Cookies's 2025 Franchise Disclosure Document, the Releasor, when signing a General Release, makes several representations and warranties regarding claims against Crave Cookies Franchising, LLC. Specifically, the Releasor represents that they are the sole owner of all claims and that no other party has been assigned or transferred any claim. This means the Releasor is confirming they have the exclusive right to release Crave Cookies from any potential liabilities. They also confirm they possess the full authority to sign the release, indicating they are legally competent and authorized to do so.
Furthermore, the Releasor acknowledges that signing the release acts as a complete defense against any claim they might have against Crave Cookies. This is a crucial point, as it signifies the Releasor's understanding that they are giving up their right to pursue legal action related to the released claims. The document also states that the Releasor has voluntarily and knowingly signed the release after having the opportunity to consult with legal counsel, reinforcing the informed nature of the decision.
This General Release is typically required in specific circumstances, such as franchise renewals or as a condition for approving the sale of a franchise. It is not signed when initially purchasing a franchise. The agreement ensures that Crave Cookies is protected from potential future claims by the franchisee under certain conditions. However, the release does not apply to any liability under the Maryland Franchise Registration and Disclosure Law or claims arising under the Washington Franchise Investment Protection Act.