What exhibit in the Dog Haus FDD contains the current form of the General Release for Dog Haus?
Dog_Haus Franchise · 2025 FDDAnswer from 2025 FDD Document
- 14.4.6 Franchisee and the Proposed Buyer shall execute a General Release of all known and unknown liabilities, demands, costs, expenses, damages, claims, actions and causes of action, of whatever nature, character or description, that they have, may have or believe to have against Franchisor and its Affiliates and their officers, directors, agents, shareholders and employees as of the date of the general release, in a form acceptable to Franchisor.
Source: Item 22 — CONTRACTS (FDD page 87)
What This Means (2025 FDD)
According to Dog Haus's 2025 Franchise Disclosure Document, the General Release form that both the franchisee and the proposed buyer must execute during a transfer of ownership is found within the exhibits. Specifically, when a franchisee proposes to sell or assign their franchise to a new buyer, both parties are required to sign a General Release.
This General Release covers all known and unknown liabilities, demands, costs, expenses, damages, claims, actions, and causes of action against Dog Haus and its affiliates, including their officers, directors, agents, shareholders, and employees. The release is effective as of the date it is signed and must be in a form that Dog Haus finds acceptable.
This requirement protects Dog Haus from potential future legal issues arising from the franchisee's operation or the transfer of the franchise. It is a standard practice in franchising to ensure a clean break and prevent future disputes when a franchise changes hands. Prospective franchisees should carefully review the General Release form and understand its implications before signing any transfer agreement.