Franchisor Parties definition
Examples of Franchisor Parties in a sentence
The AMC Parties and the Franchisor Parties acknowledge and agree that this release is effective as to AMC Claims arising through the Effective Date, and not to any claims that the AMC Parties may have for events occurring after the Effective Date.
The release of MCA Claims in Section 6 and AMC Claims in Section 7 are intended by the MCA Parties and AMC Parties (collectively, the “Releasors”), to be full and unconditional general releases, as that phrase is used and commonly interpreted, extending to all claims of any nature, whether or not known, expected or anticipated to exist in favor of the Releasors against the Franchisor Parties.
Furthermore, Franchisor acknowledges that it intends these consequences even as to claims for damages that may exist as of the Effective Date but which Franchisor or the Franchisor Parties do not know exist, and which, if known, would materially affect Franchisor or the Franchisor Parties’ decision to execute this release, regardless of whether Franchisor’s or the Franchisor Parties’ lack of knowledge was the result of ignorance, oversight, error, negligence, or any other cause.
This release does not affect (i) any other rights or obligations created by or as a result of any other agreement between Franchisor and Franchisee, and (ii) it does not release Franchisor or the Franchisor Parties from any liability for conduct occurring subsequent to the Effective Date.
You agree to indemnify and hold harmless each of the Franchisor Parties against any and all Damages arising directly or indirectly from any Asserted Claim as well as from your breach of this Agreement.