What claims are released by the General Release executed by a Monicals Pizza Developer?
Monicals_Pizza Franchise · 2025 FDDAnswer from 2025 FDD Document
- 7.2.3.3 Developer (and any transferring owners, if Developer is a business entity) has executed a General Release in a form satisfactory to Franchisor and substantially similar to the General Release attached to the Franchise Agreement ("General Release"), releasing any and all claims against Franchisor, including its equity owners, officers, directors and employees, in their corporate and individual capacities including, without limitation, claims arising under federal, state or local laws, rules or ordinances, and any other matters incident to the termination of this Development Agreement or to the transfer of Developer's interest herein or to the transfer of Developer's ownership of all or any part of the Development Rights; provided, however, that if a General Release is prohibited, Developer shall give the maximum release allowed by law;
Source: Item 23 — RECEIPTS (FDD pages 46–257)
What This Means (2025 FDD)
According to Monicals Pizza's 2025 Franchise Disclosure Document, the General Release executed by a Developer releases any and all claims against Monicals Pizza. This release extends to Monicals Pizza's equity owners, officers, directors, and employees in both their corporate and individual capacities.
The claims being released include, but are not limited to, those arising under federal, state, or local laws, rules, or ordinances. It also encompasses any other matters incident to the termination of the Development Agreement. This would include issues related to the transfer of the Developer's interest or ownership of the Development Rights.
However, there is a condition that if a General Release is prohibited by law, the Developer is required to provide the maximum release allowed under the applicable law. This ensures that Monicals Pizza receives the broadest protection possible, within legal limits, from potential claims by the Developer upon termination or transfer.