Does the Focus Cfo Franchise Agreement include a sample form of general release?
Focus_Cfo Franchise · 2025 FDDAnswer from 2025 FDD Document
ould read these provisions in the agreements attached to this Disclosure Document.
| Provision | Section in Franchise Agreement | Summary |
|---|---|---|
| a. Term of the franchise | Section 2.1 | Term is 10 years. |
| b. Renewal or extension | Section 2.2 | If, upon expiration of the Initial Term of the |
| of the term | franchise, you are still performing as an Area | |
| Provision | Section in Franchise Agreement | Summary |
| Agreement | President then you shall have the right to renew the franchise if certain conditions are met. | |
| c. Requirements for you to | Section 2.3 | (i) subject to state law, you execute general releases in a form similar to that in Exhibit G; (ii) you have complied with all provisions of the Franchise Agreement; (iii) you have satisfied all Performance Standards as set forth in Attachment E to the Franchise Agreement; (iv) you are not in default of any provisions of the Franchise Agreement or any other agreement between Franchisee and Focus CFO; and (v) we reserve the right to have you sign a new Franchise Agreement which may have terms that are materially different and may require additional training and certification requirements. A renewal fee of $2,500 is required to be paid by you to renew your franchise. |
| renew or extend | ||
| d. Termination by you | Section 11.1 | If you decide to terminate the Franchise Agreement, you will give at least sixty (60) days' notice prior to such termination. |
| e. Termination by Focus | None | Focus CFO does not have the right to terminate without cause. |
| CFO without cause | ||
| f. |
Source: Item 22 — Contracts (FDD page 37)
What This Means (2025 FDD)
According to the 2025 Focus Cfo Franchise Disclosure Document, Exhibit G of the Franchise Agreement contains a sample form of general release. Specifically, a franchisee must execute general releases in a form similar to that in Exhibit G as a condition of renewing or extending the franchise term. This requirement is subject to state law.
Additionally, the FDD includes a general release agreement as Exhibit H. This release is made between Focus CFO Group, LLC and the franchisee, referencing a Franchise Agreement with a specified date. It outlines that the franchisee releases Focus CFO from all claims related to the Franchise Agreement or the business operated under it. The franchisee also agrees not to sue Focus CFO regarding any claims being released.
Furthermore, if a Transferring Area President's Franchise Agreement automatically terminates twelve (12) months from the date of transfer, they shall execute a general release on the date of termination, to the extent permitted by applicable law. This indicates that Focus Cfo uses general releases in various circumstances, including franchise renewal, termination, and transfer scenarios.