What form is the written guaranty that Owners must execute for a Marble Slab Creamery franchise?
Marble_Slab_Creamery Franchise · 2025 FDDAnswer from 2025 FDD Document
| THIS GENERAL RELEASE ("Release") is executed onby | |
|---|---|
| ("Franchisee"), ("Guarantors"), | |
| and ("Transferee") as a condition of (1) the transfer of the | |
| Marble Slab Creamery Franchise Agreement | dated between Marble Slab |
| Franchising, LLC ("MSF") and Franchisee ("Franchise Agreement"); or (2) the execution of a | |
| successor Franchise Agreement by Franchisee and MSF. (If this Release is executed under the | |
| conditions set forth in (2) above, all references in this Release to "Transferee" should be ignored.) |
Source: Item 23 — RECEIPT (FDD pages 101–346)
What This Means (2025 FDD)
According to the 2025 Marble Slab Creamery FDD, Exhibit G includes a general release form that must be signed by the franchisee and any guarantors as a condition of transferring the franchise agreement or executing a successor franchise agreement. The form is titled "THIS GENERAL RELEASE".
The general release is executed by the franchisee, any guarantors, and any transferee. The release is required either for the transfer of the Marble Slab Creamery Franchise Agreement or for the execution of a successor Franchise Agreement between Marble Slab Franchising, LLC and the franchisee. If the release is executed for a successor agreement, references to the "Transferee" in the document should be ignored.
This requirement ensures that all parties involved in the transfer or renewal of a Marble Slab Creamery franchise agree to the terms outlined in the release, potentially waiving certain rights or claims against Marble Slab Creamery. Franchisees should carefully review the terms of the general release with legal counsel to understand its implications before signing.