What section of the Itan FDD discusses the 'General Release' in connection with a Transfer?

According to Itan's 2025 Franchise Disclosure Document, the definition of 'General Release' is found in Item 23. It specifies that a General Release is Itan's current form of Waiver and Release of Claims that both the franchisee and their owners must sign. This is required in connection with a franchise transfer, as outlined in Section 8.2 of the agreement.

This means that if a franchisee decides to transfer their Itan franchise to a new owner, they, along with their owners, will be required to sign a waiver and release of claims. This waiver essentially releases Itan from any potential liabilities or claims that the franchisee or their owners may have against the company related to the franchise agreement or the transfer itself.

Prospective franchisees should carefully review Section 8.2 and the specific terms of the General Release document to understand the full scope of claims being waived. It is advisable to seek legal counsel to fully understand the implications before signing any such release, especially in the context of a franchise transfer.