What is the condition for the Creative World School Franchisee to give the Release to the Franchisor?
Creative_World_School Franchise · 2025 FDDAnswer from 2025 FDD Document
| THIS RELEASE is given by, legal representatives and agents, successors and as and administrators (collectively, the "Franchis FRANCHISING COMPANY, INC., and all of its representatives and agents, successors and assign administrators (collectively, the "Franchisor"). | ee"), to CREATIVE WORLD SCHOOLS predecessors, affiliates, employees, legal |
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| Effective on the date of this Release, the Fr Franchisor from any and all claims, causes of action, liabilities, contractual rights and/or obligations, of wh the Franchisee now have or ever had against the Fr arising out of that certain Franchise Agreement date addenda between the Franchisor and the Franchise the franchise relationship between the Franchisee a between the Franchisee and the Franchisor; exc termination and the Franchisor's obligations under the property of which the Franchisee are not now aware; and (y) which has happened up to now. | atever nature or kind, in law or in equity, which ranchisor, including without limitation, anything d, and all exhibits and ee (collectively, the "Franchise Agreement"), and the Franchisor, and any other relationships cept the provisions which expressly survive the dated effective and all claims and obligations, including those |
| The Franchisee is bound by this Release. T Release to the Franchisor for good and valuable co its receipt and sufficiency. | he Franchisee freely and voluntarily gives this nsideration and the Franchisor acknowledges |
| The Franchisee represents and warrants to assigned or transferred to any other person any or relating to or against the Franchisor. | o the Franchisor that the Franchisee has not laim or right the Franchisee had or now has |
| In this Release, each pronoun includes the s | ingular and plural as the context may require. |
| This Release is governed by Florida law. | |
| This Release is effectivesignatures. | _, notwithstanding the actual date of |
| IN WITNESS WHEREOF, the undersigned e | execute this Release: By: |
| STATE OF ) COUNTY OF ) | |
| The foregoing instrument was acknowledge by, as, on behalf of the entity. He is personally known as identification. | d before me this, a, a own to me or has produced Signature of Notary Printed Name of Notary Notary Public, State of Serial Number of Notary |
| EXHIBIT H TO THE DISCLOSURE DOCUMENT | |
| ---------------------------------------------- | |
| CONFIDENTIALITY AND NONCOMPETITION AGREEMENT | |
Source: Item 23 — RECEIPTS (FDD pages 80–247)
What This Means (2025 FDD)
According to the 2025 Creative World School Franchise Disclosure Document, a franchisee is bound by the release when it is given to the franchisor for good and valuable consideration, and the franchisor acknowledges receipt and sufficiency of that consideration. This means that the franchisee must receive something of value in exchange for signing the release, and Creative World School must acknowledge that the consideration is adequate. The release covers all claims, causes of action, liabilities, and contractual rights the franchisee has or ever had against the franchisor, arising from the Franchise Agreement or the franchise relationship.
The release does not include provisions that expressly survive termination, the franchisor's obligations, or claims and obligations that the franchisee is unaware of or that have not yet occurred. The franchisee also represents and warrants that they have not assigned or transferred any claim or right against the franchisor to any other person.
This release is governed by Florida law, regardless of where the Creative World School franchise is located. It becomes effective upon signing, irrespective of the actual date. The document includes a section for notarization, confirming that the person signing the release is authorized to do so on behalf of the franchisee. This is a standard legal practice to ensure the validity of the release.