When does the Consent and General Release for Jersey Mikes take effect?
Jersey_Mikes Franchise · 2025 FDDAnswer from 2025 FDD Document
This Consent and General Release (this "Release") is entered into, between A Sub Above, LLC ("We" or "Us") and You (as defined on the Summary Page. This Release shall take effect upon its execution and dating by Us (the "Effective Date").
Source: Item 22 — CONTRACTS (FDD page 77)
What This Means (2025 FDD)
According to Jersey Mikes's 2025 Franchise Disclosure Document, the Consent and General Release becomes effective upon its execution and dating by A Sub Above, LLC, which is referred to as "We" or "Us" in the document. The date of execution is termed the "Effective Date."
This means that once both Jersey Mikes (A Sub Above, LLC) and the franchisee sign and date the release, it immediately goes into effect. This release is a legal agreement where the franchisee agrees to release Jersey Mikes from any potential claims. It is important for the franchisee to fully understand the implications of this release before signing, as it can impact their ability to pursue legal action against Jersey Mikes in the future.
Prospective franchisees should carefully review the Consent and General Release with a legal professional to fully understand their rights and obligations. They should also ensure they are comfortable with the terms of the release before signing, as it is a legally binding document.