Who is released from claims by the franchisee when executing the Deka Lash agreement?
Deka_Lash Franchise · 2024 FDDAnswer from 2024 FDD Document
As required by the executed Deka Lash Franchise Agreement(s), and in consideration for DL Franchising's willingness to extend our rights to open a Deka Lash studio, we hereby release DL Franchising, LLC and Related Parties (as defined below) from any and all claims, demands, actions, causes of action, debts, obligations, and liabilities, whether known or unknown, vested or contingent today (collectively, "Claims") arising out of or related to the Franchise Agreement(s) or the Deka Lash studio(s) governed by the Franchise Agreement(s). We acknowledge that DL Franchising is not required to give us, and is not giving us, a reciprocal release.
We give this Release on behalf of ourselves, our heirs, executors, administrators, successors and assigns, and any other person claiming through or under us. The "Related Parties" covered by this Release include all parents and affiliates of DL Franchising, LLC, as well as its successors and assigns, and all past and present officers, directors, shareholders, employees, agents, lawyers, and contractors.
This Release applies to any transaction, event, or circumstance relating to the Franchise Agreement(s) or studio(s) on or before the date of this Release. This Release does not apply to claims based on future events occurring after the date of this Release.
Franchisee hereby expressly waives any and all rights conferred upon Franchisee by any statute or rule of law which provides that a release does not extend to claims which the claimant does not know or suspect to exist in its favor at the time of executing the release, which if known by it might have materially affected its settlement with the released party, including without limitation provisions of the California Civil Code Section 1542, which provides:
Source: Item 23 — RECEIPT (FDD pages 63–234)
What This Means (2024 FDD)
According to the 2024 Deka Lash Franchise Disclosure Document, when a franchisee signs the Deka Lash Franchise Agreement, they release DL Franchising, LLC and its related parties from any and all claims, demands, actions, causes of action, debts, obligations, and liabilities, whether known or unknown, vested or contingent, arising out of or related to the Franchise Agreement or the Deka Lash studio. This release is given on behalf of the franchisee, their heirs, executors, administrators, successors, and assigns, and any other person claiming through or under them.
The "Related Parties" covered by this release include all parents and affiliates of DL Franchising, LLC, as well as its successors and assigns, and all past and present officers, directors, shareholders, employees, agents, lawyers, and contractors. This release applies to any transaction, event, or circumstance relating to the Franchise Agreement(s) or studio(s) on or before the date of the release but does not apply to claims based on future events occurring after the date of the release.
The franchisee also waives any rights conferred by any statute or rule of law which provides that a release does not extend to claims which the claimant does not know or suspect to exist in its favor at the time of executing the release. Deka Lash is not required to give the franchisee a reciprocal release. This means Deka Lash retains the right to bring claims against the franchisee, even for issues known at the time of signing.