Where can I find the guarantee agreement for a 1-800-GOT-JUNK? franchise?
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:
F.
Guarantee Agreement
Source: Item 22 — Contracts (FDD page 24)
What This Means (2025 FDD)
According to the 2025 Franchise Disclosure Document, the Guarantee Agreement for a 1-800-GOT-JUNK? franchise is included as Exhibit F. Item 22 lists all the exhibits included in the disclosure document, and Exhibit F is specifically identified as the Guarantee Agreement.
This agreement is a legally binding contract, separate from the franchise agreement, that may require a personal guarantee from the franchisee or other related parties. This means that the guarantor is promising to fulfill the financial and other obligations of the franchisee if the franchisee fails to do so.
Prospective franchisees should carefully review the Guarantee Agreement (Exhibit F) with their legal and financial advisors to fully understand the obligations and potential liabilities before signing the Franchise Agreement. It is important to understand the circumstances under which the guarantee may be invoked and the extent of the guarantor's responsibility.