Does the Fat Shack Disclosure Document include a sample Acknowledgment of Termination and Release Agreement?

Yes, the 2025 Fat Shack Franchise Disclosure Document includes a sample Acknowledgment of Termination and Release Agreement as Attachment K. This agreement is used when a franchise agreement is terminated, outlining the terms of the termination and releasing Fat Shack from any further claims by the franchisee.

The sample agreement includes sections for acknowledging the termination date, releasing Fat Shack from liabilities, and confirming the franchisee's adherence to post-termination obligations. It also includes recitals that explain the background and purpose of the agreement, referencing the original franchise agreement and the reasons for termination.

Attachment K provides a template for the final agreement that would be signed in the event of a franchise termination. It is important for prospective franchisees to understand the implications of such an agreement, as it involves relinquishing rights and claims against Fat Shack. Franchisees should carefully review this sample agreement with legal counsel to fully understand their rights and obligations in the event of termination.