factual

According to the release agreement, who are the parties involved with Zoomin Groomin?

Zoomin_Groomin Franchise · 2025 FDD

Answer from 2025 FDD Document

THIS RELEASE AGREEMENT is made and given by
, ("Releasor") with reference to the following
facts:
1. to one or more Franchise Agreements. Releasor and Zoomin Groomin USA LLC d/b/a Zoomin Groomin ("Releasee") are parties
2. The following consideration is given: Agreement; or [insert description] the execution by Releasor of a successor Franchise Agreement or other renewal documents renewing the franchise (the "Franchise"); or Releasor's consent to Releasee's transfer of its rights and duties under the Franchise Releasor's consent to Releasee's assumption of rights and duties under the Franchise Agreement; or

Source: Item 9 — 01. Financial Statements and Exhibits. (FDD pages 68–156)

What This Means (2025 FDD)

According to the 2025 Zoomin Groomin Franchise Disclosure Document, the parties involved in the release agreement are the Releasor and Zoomin Groomin USA LLC d/b/a Zoomin Groomin, which is referred to as the Releasee. The Releasor is the party granting the release, while Zoomin Groomin is the party being released from certain obligations or liabilities.

This agreement is made with reference to one or more Franchise Agreements. The consideration for the release can vary, including the execution of a successor Franchise Agreement, renewal documents, or consent to the transfer or assumption of rights and duties under the Franchise Agreement.

For a prospective franchisee, understanding the specifics of the release agreement is crucial. It defines the scope of liabilities being released and the conditions under which the release is granted. Franchisees should carefully review this agreement with legal counsel to fully understand their rights and obligations, especially in situations involving franchise transfers, renewals, or potential disputes.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.