Who is considered the 'Releasor' in the Kidokinetics Waiver and Release of Claims?

According to Kidokinetics' 2024 Franchise Disclosure Document, the 'Releasor' in the Waiver and Release of Claims is the franchisee. The document specifies that the release is made when a franchisee seeks to transfer their agreement, enter into a successor franchise agreement, amend their agreement, or terminate their agreement. As a condition for Kidokinetics' consent to these actions, the franchisee, referred to as the 'Releasor,' must execute the release.

This requirement ensures that Kidokinetics is protected from potential future claims by the franchisee in situations where the franchise agreement is being altered or terminated. By signing the release, the franchisee waives their rights to make certain claims against Kidokinetics, providing the franchisor with legal protection during transitions or terminations of franchise agreements.

Prospective Kidokinetics franchisees should carefully review the terms of the Waiver and Release of Claims to understand the full scope of the claims they are waiving. It is advisable to seek legal counsel to fully understand the implications of signing such a release, especially when considering transferring, amending, or terminating a franchise agreement. This is a standard practice in franchising, where franchisors seek to protect themselves from future liabilities when changes occur in the franchise relationship.