What exhibit contains the guarantee agreement for 1-800-GOT-JUNK?
1_800_Got_Junk Franchise · 2025 FDDAnswer from 2025 FDD Document
I received a disclosure document with an issuance date of July 17, 2025 that included the following Exhibits:
A. List of Franchisees and Certain Former Franchisees
B. Franchise Agreement with attached schedules
C. Operations Manual Table of Contents
D. State Regulatory Authorities and Agents for Service of Process in Certain States
E. Financial Statements
F. Guarantee Agreement
G. General Security Agreement
H. National Account Program Participation Agreement
I. State Specific Addenda
J. Franchisee Disclosure Questionnaire and Certification
K. Form of General Release
L. State Effective Dates
M. Receipts
Source: Item 22 — Contracts (FDD page 24)
What This Means (2025 FDD)
According to the 2025 FDD, Exhibit F contains the guarantee agreement for 1-800-GOT-JUNK?. This exhibit is listed among other exhibits provided in the disclosure document, such as the list of franchisees (Exhibit A), the Franchise Agreement (Exhibit B), and the financial statements (Exhibit E).
The presence of a guarantee agreement as Exhibit F suggests that 1-800-GOT-JUNK? may require a personal guarantee from the franchisee or another party. This is a common practice in franchising, especially when the franchisee is a corporate entity with limited assets. The guarantee ensures that there is an individual who is ultimately responsible for the franchisee's obligations under the Franchise Agreement.
A prospective 1-800-GOT-JUNK? franchisee should carefully review Exhibit F to understand the scope and terms of the guarantee. This includes identifying who is required to provide the guarantee, what obligations are covered by the guarantee, and what events would trigger the guarantor's liability. It is also important to understand the guarantor's rights and defenses under the guarantee agreement. Consulting with a legal professional is advisable to fully understand the implications of signing a guarantee agreement.