According to the 1-800-GOT-JUNK? Guarantee, Postponement and Covenants Agreement, what does the Guarantor warrant?
1_800_Got_Junk Franchise · 2025 FDDAnswer from 2025 FDD Document
The Guarantor represents and warrants to the Franchisor that: (a) no representations or agreements of any kind have been made to the Guarantor that would limit or qualify in any way the terms of this Agreement; (b) this Agreement is executed at the Guarantor’s request and not at the request of the Franchisor; and (c) the Guarantor has full power, right and authority to enter into this Agreement.
Source: Item 22 — Contracts (FDD page 24)
What This Means (2025 FDD)
According to the 2025 FDD, within the Guarantee, Postponement, and Covenants Agreement, the Guarantor warrants specific aspects to 1-800-GOT-JUNK?.
The Guarantor confirms that no external agreements or representations limit the terms of the Guarantee, Postponement, and Covenants Agreement. The guarantor also confirms that they are entering into the agreement at their own request, not at the request of 1-800-GOT-JUNK?. Finally, the guarantor confirms they possess the full legal authority to enter into the Guarantee, Postponement, and Covenants Agreement.
These warranties are standard practice in franchising to ensure the guarantor is fully aware of their obligations and has the legal capacity to fulfill them. This protects 1-800-GOT-JUNK?'s interests by ensuring the guarantor cannot later claim they were misled or lacked the authority to enter the agreement.