What parties are involved in the agreement documented by the Marble Slab Creamery receipt?
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, several parties can be involved in agreements related to the franchise, depending on the specific context. One agreement involves the franchisee, the franchisor (Marble Slab Franchising, LLC), and an employee of the franchisee. This agreement outlines confidentiality, non-competition, and non-solicitation obligations for the employee, with the franchisor as a third-party beneficiary who can enforce the agreement.
Another type of agreement is the Multi-Unit Restaurant Agreement, which is between Marble Slab Franchising, LLC and the franchisee. This agreement may be modified by addenda, particularly in states like Illinois, to ensure compliance with local franchise laws. These modifications can address issues such as governing law, waivers, and jurisdiction.
Additionally, a General Release agreement may involve the franchisee, any guarantors, and a transferee, typically executed as a condition for transferring the franchise or upon the execution of a successor franchise agreement between the franchisee and Marble Slab Franchising, LLC. These agreements are further subject to state-specific addenda, such as those for Maryland, Minnesota, Rhode Island, and Virginia, which address compliance with local franchise laws regarding financial assurances, releases, jurisdiction, termination rights, and other statutory protections for franchisees.