Does the Cream general release agreement require addresses for all signers?
Cream Franchise · 2025 FDDAnswer from 2025 FDD Document
GUARANTOR(S) SPOUSE(S) Sign: Sign: Address: Address: Email Address: Email Address: Sign: Sign: Address: Address: Email Address: Email Address: Sign: Sign: Address: Address: Email Address: Email Address:You and your owners, jointly and severally, on behalf of themselves and their spouses and immediate family members, and each such foregoing person's or entity's respective affiliates, employees, owners, officers, directors, successors, assigns, spouses and immediate family members (the "Releasing Parties") hereby fully and forever unconditionally release and discharge us and our current and former affiliates, parents, subsidiaries, franchisees, area developers, owners, agents, insurers and our and their respective affiliates, employees, officers, directors, successors, assigns, owners, guarantors and other representatives (the "Franchisor Parties"), of and from any and all claims, obligations, debts, proceedings, demands, causes of action, rights to terminate and rescind, liabilities, losses, damages, and rights of every kind and nature whatsoever, and known or unknown, suspected or unsuspected, whether at law or in equity, which any of them has, had, or may have against any of the Franchisor Parties, from the beginning of time to the date of this document (together, Claims"), including any and all Claims in any way arising out of or relating to the Agreement or the relationship of the Releasing Parties with any of the Franchisor Parties. You and your owners, on your own behalf and the other Releasing Parties, further covenant not to sue any of the Franchisor Parties on any of the Claims released by this paragraph and represent that you have not assigned any of the Claims released by this paragraph to any individual or entity.
Source: Item 23 — RECEIPTS (FDD pages 61–192)
What This Means (2025 FDD)
According to the 2025 FDD, the Cream general release agreement requires addresses for all signers. Specifically, the agreement includes signature lines for the guarantor(s) and spouse(s), each of which includes a space for a signature, address, and email address. This indicates that Cream requires this information from all parties involved in the release.
This requirement ensures that Cream has a verifiable record of all parties who are releasing the company from potential claims. By collecting addresses and email addresses, Cream can effectively communicate with these individuals and maintain accurate records for legal and administrative purposes. This is a standard practice in franchise agreements to ensure clarity and enforceability of the release.
Prospective Cream franchisees should be aware of this requirement and ensure that all relevant parties, such as spouses or guarantors, are prepared to provide their addresses and email addresses when signing the general release agreement. Failure to provide this information could potentially delay or complicate the franchise process.