Who are considered 'PIU Releasees' in the general release for a Pump It Up franchise?
Pump_It_Up Franchise · 2025 FDDAnswer from 2025 FDD Document
You, on behalf of yourself and your subsidiaries and affiliates, all individuals who execute this Agreement, and all guarantors of your obligations under this Agreement (collectively, "Franchisee Releasors"), freely and without any influence forever release and covenant not to file or bring any action of any kind, in any forum, against us, our parent, subsidiaries and affiliates and their respective past and present officers, directors, shareholders, agents, direct and indirect equity holders, and employees, in their corporate and individual capacities (collectively, "PIU Releasees"), with respect to any and all claims, demands, liabilities and causes of action of whatever kind or nature, whether known or unknown, vested or contingent, suspected or unsuspected (collectively, "Claims"), which you or any Franchisee Releasor now own or hold or may at any time have owned or held, including, without limitation, Claims arising under federal, state and local laws, rules and ordinances, and Claims arising out of, or relating to this Agreement and all other agreements between you or any Franchisee Releasor and any PIU Releasee, the sale of a franchise to you or any Franchisee Releasor, the development and operation of the
Franchised Business and the development and operation of all other Pump It Up Businesses operated by you or any Franchisee Releasor that are franchised by any PIU Releasee.
Source: Item 23 — RECEIPTS (FDD pages 60–225)
What This Means (2025 FDD)
According to Pump It Up's 2025 Franchise Disclosure Document, the 'PIU Releasees' are defined in the general release as encompassing a broad range of individuals and entities associated with the franchisor. This includes Pump It Up itself, its parent company, subsidiaries, and affiliates.
Specifically, the release extends to the past and present officers, directors, shareholders, agents, direct and indirect equity holders, and employees of these entities, acting in both their corporate and individual capacities. This comprehensive definition means that a franchisee, in signing the general release, agrees not to pursue legal action against any of these parties regarding potential claims, demands, liabilities, or causes of action related to the franchise agreement or the operation of the Pump It Up business.
It is important for prospective Pump It Up franchisees to carefully review the terms of the general release and understand the full scope of individuals and entities they are agreeing not to sue. Franchisees should seek legal counsel to fully understand the implications of this release before signing the franchise agreement.