What is the effect of the RELEASOR acknowledging receipt from Deer Solution Franchising LLC?
Deer_Solution Franchise · 2025 FDDAnswer from 2025 FDD Document
WHEREAS, Assignor, as franchisee, and Assignee, as franchisor, are parties to a Deer Solution Business Franchise Agreement (the "Franchise Agreement");
WHEREAS, the term "Digital Media" shall refer to and mean "any interactive or static electronic document, application or media that is connected to and/or in a network of computers, servers and/or other devices linked by communications software, part of the world wide web (including, but not limited to websites), linked by the internet or part of a web based application, software application, smart phone based application or social media platform including, but not limited to social media platforms and applications such as Facebook, LinkedIn, X, Pinterest, Instagram, SnapChat, YouTube, and world wide web and internet based directories and local directories that refers, references, identifies, reviews, promotes and/or relates, in any way, to a Deer Solution Business, Deer Solution Businesses, Assignor's Deer Solution Business and/or trademarks associated with the Deer Solution Business Franchise System and/or Assignee. Digital Media further includes the Deer Solution Business website, web pages and website subdomains (including those related to, associated with and/or a part of the Deer Solution Business Franchise System) associated with and/or related to Assignor's Deer Solution Business and all web pages, blog posts, videos, articles, information, sub-domains, and all other media and/or publications relating to the Deer Solution Business Franchise System that is displayed and/or transmitted digitally"; and
WHEREAS, in connection with Assignor's establishment and operation of a Deer Solution Business, Assignor will be utilizing accounts, information, phone numbers and Digital Media subject to strict requirements set forth in the Franchise Agreement.
NOW THEREFORE, Assignor, in exchange for good and valuable consideration provided and paid by Assignee (receipt of which is hereby acknowledged), agrees:
Source: Item 23 — RECEIPTS (FDD pages 55–246)
What This Means (2025 FDD)
According to Deer Solution's 2025 Franchise Disclosure Document, when an assignor transfers their Deer Solution Business to an assignee, the assignor acknowledges receipt of consideration paid by the assignee. This acknowledgement confirms that the assignor received something of value in exchange for transferring their rights and obligations related to the Deer Solution franchise.
This acknowledgement is part of the agreement where the assignor agrees to certain conditions related to the transfer, such as the use of digital media and adherence to the franchise agreement's requirements. The acknowledgement of receipt is a legal confirmation that consideration was exchanged, which helps to solidify the validity and enforceability of the assignment agreement.
For a prospective Deer Solution franchisee, this clause is relevant if they plan to sell or transfer their franchise in the future. It ensures that the franchisor acknowledges the transfer and that proper consideration is documented, which can protect the franchisee's interests during the transfer process.