What is the definition of 'Released Parties' in the context of the Eos Worldwide release?
Eos_Worldwide Franchise · 2025 FDDAnswer from 2025 FDD Document
managers, legal counsel, officers, directors, owners, employees, agents, representatives, legal representatives, successors, affiliates, associates and assigns, and its and their respective insurers and underwriters (parent and affiliated entities), and its and their officers, directors, shareholders, members, managers, employees, representatives and agents (whether acting in an agency capacity or in their individual capacities), and their respective heirs, successors, beneficiaries and assigns, as applicable, each of whom is intended as a beneficiary of this Release (collectively, with Franchisor, the "Released Parties").
Source: Item 23 — RECEIPTS (FDD pages 74–246)
What This Means (2025 FDD)
According to Eos Worldwide's 2025 Franchise Disclosure Document, the "Released Parties" in the general release encompass a wide range of individuals and entities associated with the Franchisor. This includes EOS Worldwide Franchising, LLC, its affiliates, and various related parties.
The definition extends to the managers, legal counsel, officers, directors, owners, employees, agents, representatives, and legal representatives of Eos Worldwide. It also includes their successors, affiliates, associates, and assigns, as well as their respective insurers and underwriters, including parent and affiliated entities. The definition further specifies that it covers the officers, directors, shareholders, members, managers, employees, representatives, and agents of these entities, whether acting in an agency capacity or in their individual capacities, and their respective heirs, successors, beneficiaries, and assigns.
This comprehensive definition ensures that a broad spectrum of individuals and entities connected to Eos Worldwide are protected under the general release. The FDD explicitly states that each of these parties is intended as a beneficiary of the release. This broad protection is typical in franchise agreements to shield the franchisor and its related parties from potential claims by franchisees.