Release of Claims

Post on 14-Jun-2015

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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?

Want more information?

Give us a call or email us: Telephone: 513-400-3895Email: mbgettins@gettinslaw.com