Does the Kidokinetics Waiver and Release of Claims require all individuals with ownership interest in the franchisee to be signatories?

According to Kidokinetics's 2024 Franchise Disclosure Document, Exhibit H includes a sample General Release Agreement, also known as the Waiver and Release of Claims. This release is required when a franchisee transfers their agreement, enters into a successor franchise agreement, amends the agreement, or terminates the agreement.

The document states that as a condition to the franchisor's consent to the transfer, successor agreement, amendment, or termination, the releasor must agree to execute the release based on the terms and conditions outlined. The FDD specifies that Franchisee and each of Franchisee's Principals shall execute a general release of all claims known or unknown under seal, in a form satisfactory to Franchisor, of any and all claims against Franchisor and Franchisor's officers, directors, shareholders, members and employees in their corporate and individual capacities, including, without limitation, claims arising out of or concerning under the Franchise Agreement and federal, state and local laws, rules and ordinances (to the fullest extent permitted by law).

This means that not only the franchisee but also each of the franchisee's principals (individuals with ownership interest) must sign the release. This release covers all known and unknown claims against Kidokinetics and its associated parties, within the fullest extent permitted by law. A prospective franchisee should carefully review this release with their legal counsel to understand the full scope of the claims being waived and the implications of signing it.