Does Monicals Pizza require a general release as part of its franchise agreement exhibits?
Monicals_Pizza Franchise · 2025 FDDAnswer from 2025 FDD Document
EXHIBITS
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- GENERAL RELEASE
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- NONDISCLOSURE AND NON-COMPETITION AGREEMENT
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- UNLIMITED GUARANTY AND ASSUMPTION OF OBLIGATIONS
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- LEASE ADDENDUM
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- HOLDERS OF LEGAL OR BENEFICIAL INTEREST IN FRANCHISEE; OFFICERS; DIRECTORS
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- MULTI-STATE ADDENDA
Source: Item 23 — RECEIPTS (FDD pages 46–257)
What This Means (2025 FDD)
According to the 2025 Monicals Pizza Franchise Disclosure Document, a General Release is included as an exhibit to the franchise agreement. This is explicitly listed under the exhibits section.
Furthermore, the FDD indicates specific instances where a franchisee or developer may be required to execute a General Release. For example, a developer (and any transferring owners) must execute a General Release when transferring development rights. Similarly, a franchisee (and any transferring owners) must execute a General Release when transferring their franchise.
In the context of California, the addendum specifies that while a general release must be signed upon renewal or transfer of the franchise, California Corporations Code §31512 voids any waiver of rights under the Franchise Investment Law, and Business and Professions Code §20010 voids any waiver of rights under the Franchise Relations Act. This means that while Monicals Pizza requires a general release, certain rights of the franchisee are protected under California law.