Is a General Release included as an exhibit in the Pump It Up FDD?
Pump_It_Up Franchise · 2025 FDDAnswer from 2025 FDD Document
Exhibit E General Release Pump It Up Franchise Disclosure Document
GENERAL RELEASE
Source: Item 22 — CONTRACTS (FDD page 59)
What This Means (2025 FDD)
Yes, according to the 2025 Pump It Up Franchise Disclosure Document, a General Release is included as Exhibit E. Franchisees are required to execute this release as a condition of the transfer of a Pump It Up unit or the transfer or renewal of the Franchise Agreement. The General Release also applies to the termination of the Pump It Up Franchise Agreement.
The General Release requires the franchisee to release Pump It Up from all claims, demands, liabilities, and causes of action. This includes claims arising under federal, state, and local laws, as well as claims related to the Franchise Agreement, the sale of the franchise, and the operation of the franchised business. However, the General Release does not apply to any claims arising from representations made in Pump It Up's Franchise Disclosure Document or its exhibits, or claims arising after the date of the agreement.
The document also includes an addendum to the General Release required for Washington franchisees. This addendum states that the General Release does not apply to any claims arising under the Washington Franchise Investment Protection Act. Franchisees should carefully review the General Release and any addenda with legal counsel to understand their rights and obligations.