What consideration is given for the release by Decorating Den Interiors?
Decorating_Den_Interiors Franchise · 2025 FDDAnswer from 2025 FDD Document
rector, Master Licensee or Regional Manager, if any, to a voluntary termination of the franchise in accordance with the applicable provisions of the Franchise Agreement. By execution below Franchise Owner represents and warrants that Franchise Owner has complied with all material provisions of the Franchise Agreement, including without limitation reporting and Gross Sales and payment of Service Fees and NMF Fees.
NOW, THEREFORE, CONSIDERATION of Ten Dollars ($10.00) and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged:
The parties hereby agree that the Franchise Agreement is or was terminated effective
- Franchise Owner, individually and on behalf of his, her or their heirs, administrators, successors and assigns, irrevocably releases and forever discharges DDSI and Regional Director/Regional Manager/Master Licensee, and each of them, and their respective shareholders, directors, officers, employees, agents, successors and assigns, of and from any and all claims, demands, causes of action, damages, costs, expenses, attorneys fees and obligations of any nature whatsoever, known or unknown, in law or in equity, which they ever had, now have or may hereafter have arising out of or in any way connected with any matters or events occurring on or before the date of this Release, including without limitation the Franchise Agreement and the franchise relationship among the parties.
- ➤ DDSI and Regional Director/Regional Manager/Master Licensee, and each of them, irrevocably releases and forever discharges Franchise Owner, individually and on behalf of his, her or their heirs, administrators, successors and assigns, of and from any and all claims, demands, causes of action, damages, costs, expenses, attorneys fees and obligations of any nature whatsoever, known or unknown, in law or in equity, which they ever had, now have or may hereafter have arising out of or in any way connected with any matters or events occurring on or before the date of this Release, including without limitation the Franchise Agreement and the franchise relationship among the
parties, EXCEPT (i) Section 6 (Covenants – Confidential Information and Covenant Not To Compete), (ii) Section 10 (Rights and Duties of Parties Upon Expiration, Termination or Non-Renewal), and (iii) Section 12 (Mediation and Arbitration).
This Release shall be governed and construed in accordance with the laws of the State of Maryland.
The Franchise Owner(s) represents and agrees that she, he or they have (or have each) carefully read this Release and knows and understands the contents of it, and has or have freely executed it on the date set forth below.
| Franchise Owner Signature [Date] | Franchise Owner Signature [Date] | |
|---|---|---|
| Franchise Owner Print Name | Franchise Owner Print Name | |
| DECORATING DEN SYSTEMS, INC. 8659 Commerce Drive Easton, MD 21601 | REGIONAL DIRECTOR MASTER LICENSE OR REGIONAL MANAGER (if applicable) [Printed Name] | |
| By: | By: | |
| Name: James Bugg, Jr. Title: President & CEO Date: | [Signature] [Date] |
EXHIBIT H
LIST OF STATE AGENCIES/AGENTS FOR SERVICE OF PROCESS
Listed below are the names, addresses and telephone numbers of the state agencies having responsibility for the franchising disclosure/registration laws.
We may not yet be registered to sell franchises in any or all of these states.
If a state is not listed, we have not appointed an agent for service of process in that state in connection with the requirements of the franchise laws.
There may be states in addition to those listed below in which we have appointed an agent for service of process. There also may be additional agents appointed in some of the states listed.
Source: Item 23 — Receipts (FDD pages 60–213)
What This Means (2025 FDD)
According to the 2025 Decorating Den Interiors FDD, the consideration for the release is ten dollars and other good and valuable consideration. Specifically, if a franchisee requests voluntary termination of their franchise agreement, they must comply with all material provisions, including reporting gross sales and payment of service fees and NMF fees.
In exchange for this consideration, the franchisee releases Decorating Den Systems, Inc., the Regional Director/Regional Manager/Master Licensee from all claims, demands, causes of action, damages, costs, expenses, attorneys fees and obligations related to events before the date of the release, including the franchise agreement and relationship.
Similarly, Decorating Den Systems, Inc. and the Regional Director/Regional Manager/Master Licensee release the franchisee from all similar claims, with some exceptions. The franchisee remains obligated under Section 6 (Covenants – Confidential Information and Covenant Not To Compete), Section 10 (Rights and Duties of Parties Upon Expiration, Termination or Non-Renewal), and Section 12 (Mediation and Arbitration) of the franchise agreement. The release is governed by Maryland law.
It is important to note that this release does not apply in Washington with respect to claims arising under the Washington Franchise Investment Protection Act. The Franchise Owner(s) also represents and agrees that she, he or they have (or have each) carefully read this Release and knows and understands the contents of it, and has or have freely executed it on the date set forth below.