What acknowledgement is required of Releasors regarding the terms of the Spray Net General Release?
Spray_Net Franchise · 2025 FDDAnswer from 2025 FDD Document
Each of the Releasors hereby specifically and expressly waives all rights that it may have under Section 1542 of the California Civil Code or any similar provision of law in any other jurisdiction. This Release shall not apply to any liability under the Maryland Franchise Registration and Disclosure Law. Releasors acknowledge and agree that they have read the terms of this Release, they fully understand and voluntarily accept the terms, and that they have entered into this Release voluntarily and without any coercion. This Release does not apply to claims that arise under the Washington Franchise Investment Protection Act, chapter 19.100 RCW, or the rules adopted thereunder in accordance with RCW 19.100.220.
Source: Item 23 — RECEIPTS (FDD pages 75–219)
What This Means (2025 FDD)
According to Spray Net's 2025 Franchise Disclosure Document, Releasors must acknowledge and agree to several key points regarding the terms of the General Release. Specifically, each Releasor confirms they have read and fully understand the terms outlined in the release. They also agree to accept these terms voluntarily, indicating their consent is given freely and willingly.
Furthermore, the Releasors acknowledge that they are entering into the General Release without any form of coercion. This emphasizes that their agreement is not the result of pressure, threats, or undue influence from any party. This acknowledgement is crucial to ensure the enforceability and validity of the release, as it demonstrates that the Releasors are aware of their rights and are knowingly waiving certain claims.
In addition to the above, the Releasors specifically waive all rights they may have under Section 1542 of the California Civil Code or any similar provision in other jurisdictions. However, the release does not apply to any liability under the Maryland Franchise Registration and Disclosure Law or to claims arising under the Washington Franchise Investment Protection Act. These exceptions ensure that franchisees retain certain legal protections despite signing the general release.