What representations does the Releasor make in the Crave Cookies General Release?
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.
Source: Item 23 — RECEIPTS (FDD pages 47–194)
What This Means (2025 FDD)
According to the 2025 Crave Cookies FDD, the Releasor (the party signing the release) makes several representations and warranties within the General Release document. These representations are legally binding statements that the Releasor affirms to be true.
Specifically, the Releasor represents that they are the sole owner of all claims being released and that no other party has been assigned or transferred any of these claims. This ensures that Crave Cookies is dealing with the correct party who has the authority to release the claims.
Additionally, the Releasor represents that they possess the full power and authority to sign the release, indicating they are legally competent and authorized to enter into the agreement. The Releasor also acknowledges that they are signing the release voluntarily and knowingly, after having had the opportunity to consult with legal counsel of their choosing. This aims to protect the Releasor by ensuring they understand the implications of the release and have had the chance to seek independent legal advice. These representations are designed to protect Crave Cookies from future disputes regarding the validity and enforceability of the General Release.