release of claims
DESCRIPTION
In the franchise industry the deployment of Release of Claims is common place. A Release of Claims may be a stand-alone agreement or may be embedded in a franchise transfer agreement, franchise renewal agreement, franchise termination agreement, and numerous other transactions. Whether you are franchisor or franchisee, learn what questions you need to be concern with when reviewing, drafting, or signing a non-compete.TRANSCRIPT
What if there were an agreement that could prevent you from being
liable?
By one magic signature, you could erase any
possible damages that you would ordinary be curable for?
Guess what?
There is such an agreement. It is commonly referred to as a “Release
of Claims.”
In the franchise industry the
deployment of Release of Claims is common
place.
A Release of Claims may be a stand-alone
agreement or it may be embedded in another
agreement.
There are many considerations when reviewing a Release
of Claims.
Is the Release of Claims enforceable?
Is it a one sided or mutual release?
Is it a release for past acts or does it include future
acts as well?
Is it for all acts or specific acts?
Does it cover just the business or
individual business owners, too?
