What is the relationship between the General Release and the Franchise Agreement for Focus Cfo?
Focus_Cfo Franchise · 2025 FDDAnswer from 2025 FDD Document
om Advisory Group LLC | 812-340-5255 | jasowens@msn.com |
South Carolina- CFOs
| Name | Entity Name | Phone Number | |
|---|---|---|---|
| LaValla, Richard | JAM Ventures LLC | N/A | Deceased |
EXHIBIT G TO DISCLOSURE DOCUMENT
SAMPLE FORM OF GENERAL RELEASE
| This General Release ("Release") is made and entered into on this | day of | |
|---|---|---|
| , 20 | ||
| by and between Focus CFO Group, LLC ("Focus CFO") | ||
| and | ("Franchisee"). | |
| WHEREAS, Focus CFO and Franchisee are parties to a Focus CFO Group, LLC Franchise | , granting Franchisee the right | |
| Agreement (the "Franchise Agreement") dated | ||
| to operate a Focus CFO business under Focus CFO's proprietary marks and system. |
NOW THEREFORE, in consideration of the mutual covenant herein contained, the parties covenant and agree as follows:
Franchisee and its directors, officers, employees, subsidiaries, affiliates, agents, representatives, shareholders, successors and assigns (the "Franchisee Releasing Parties"), hereby release, remise and forever discharge Focus CFO and its directors, officers, employees, subsidiaries, affiliates, agents, representatives, shareholders, successors and assigns (the "Focus CFO Released Parties"), from any and all claims, damages, losses, injuries, suits, debts, liabilities, sums of money, accounts, covenants, controversies, demands, actions, rights and causes of action of whatever kind or nature, at law or in equity, known or unknown, asserted or unasserted, suspected or unsuspected, foreseen or unforeseen, anticipated or unanticipated, accrued or unaccrued, made, brought, or which could have been made or brought, that the Franchisee Releasing Parties may have had or may presently have, against the Focus CFO Released Parties solely in connection with or pertaining to the Franchise Agreement, the business operated under the Franchise Agreement, and/or any other agreement between the Franchisee Releasing Parties and the Focus CFO Released Parties. The Franchisee Releasing Parties also covenant not to sue or otherwise bring a claim against the Focus CFO Released Parties regarding any of the claims being released under this Release. The Franchisee Releasing Parties hereby acknowledge that this release is intended to be a full and unconditional release, as that phrase is used and commonly interpreted, extending to all claims of any nature, whether or not known, expected or anticipated to exist.
IN WITNESS WHEREOF, the undersigned have executed this Release as of the date written above.
Source: Item 23 — Receipts (FDD pages 37–126)
What This Means (2025 FDD)
According to the 2025 Focus Cfo Franchise Disclosure Document, the General Release is related to the Franchise Agreement in a few specific contexts. The General Release is used when a Transferring Area President's Franchise Agreement terminates. Specifically, the Transferring Area President must execute a general release on the date of termination, to the extent permitted by applicable law. This usually occurs twelve months from the date of transfer, if not terminated earlier.
Additionally, the FDD includes an exhibit of a General Release made between Focus Cfo and the Franchisee. This release confirms that both parties are entering into a Franchise Agreement, granting the franchisee the right to operate a Focus Cfo business under Focus CFO's system and marks.
Furthermore, the General Release serves to release Focus CFO from any and all claims related to the Franchise Agreement or the business operated under it. This includes any potential legal actions or liabilities that the franchisee might have against Focus CFO. The franchisee also agrees not to bring any claims against Focus CFO regarding the released claims, acknowledging that the release is intended to be full and unconditional, covering all claims whether known or unknown.