Does the waiver by a Crawlspace Medic franchisee include claims of fraud?
Crawlspace_Medic Franchise · 2024 FDDAnswer from 2024 FDD Document
- 5.2.5 Franchisee shall execute a general release of all claims Franchisee may have against CSM Franchise Group, LLC, its parent, subsidiaries and affiliates, its officers, directors, shareholders, agents, and employees, whether in their corporate and/or individual capacities.
This release will include all claims arising under any federal, state, or local law, rule, or ordinance.
Source: Item 22 — CONTRACTS (FDD page 42)
What This Means (2024 FDD)
According to the 2024 Crawlspace Medic Franchise Disclosure Document, a franchisee must execute a general release of all claims they may have against CSM Franchise Group, LLC, its parent, subsidiaries, and affiliates, including their officers, directors, shareholders, agents, and employees. This release applies whether these individuals are acting in their corporate or individual capacities. This is required for a franchisee to renew their agreement.
The release encompasses all claims arising under any federal, state, or local law, rule, or ordinance. However, the FDD does not explicitly state that this release includes a waiver of claims of fraud.
While the general release is comprehensive, covering a wide range of potential claims, prospective Crawlspace Medic franchisees should seek clarification from the franchisor or legal counsel on whether this release specifically includes claims of fraud. Understanding the full scope of the release is crucial before signing any franchise agreement or renewal, as it could significantly impact a franchisee's legal rights.