Who is considered the 'Releasor' in the Learningrx General Release?
Learningrx Franchise · 2025 FDDAnswer from 2025 FDD Document
The undersigned Franchisee and its shareholders, officers, and directors (collectively "Releasor") does hereby release and forever discharge Franchisor, its successors, agents, assigns, officers, directors, shareholders, employees, representatives, and any and all other persons, firms and corporations whatsoever (collectively "Releasees"), from any and all claims, demands, damages, actions, causes of action, or suits of any kind or nature whatsoever, both known and unknown, breach of contract, defamation, and any claims whatsoever which the Releasor ever had, now has or hereinafter can, will or may have, for on or by reason of any matter, cause or thing whatsoever, through the Effective Date.
Source: Item 22 — CONTRACTS (FDD page 54)
What This Means (2025 FDD)
According to Learningrx's 2025 Franchise Disclosure Document, the 'Releasor' in the General Release is defined as the franchisee and its related parties. Specifically, this includes the undersigned franchisee, along with their shareholders, officers, and directors. This means that when a franchisee signs the General Release, they are not only releasing claims on behalf of themselves but also on behalf of those affiliated with their Learningrx franchise.
This is a significant point for prospective Learningrx franchisees to understand. By signing the General Release, the franchisee and their associated parties are giving up their rights to pursue any claims against Learningrx, its successors, agents, and other related entities. This release covers a broad range of potential claims, including those that are known and unknown, related to breach of contract, defamation, or any other cause of action through the effective date of the release.
It is also important to note that this release applies to all agreements or contracts existing between the franchisee and Learningrx prior to or as of the effective date of the release. However, there are some exceptions. The general release does not apply to any liability under the Maryland Franchise Registration and Disclosure Law or with respect to claims arising under the Washington Franchise Investment Protection Act. Franchisees in these states retain certain rights and protections under those specific laws, regardless of signing the General Release.
Prospective franchisees should carefully review the General Release with legal counsel to fully understand the scope of the release and its implications for their specific circumstances. Understanding who is included in the definition of 'Releasor' is crucial to assessing the risks and benefits of signing the General Release and investing in a Learningrx franchise.