Where can I find the Guarantee, Postponement and Covenants exhibit referenced in the 1-800-GOT-JUNK? FDD?
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 1-800-GOT-JUNK? Franchise Disclosure Document, the Guarantee, Postponement and Covenants agreement is included as Exhibit F. This is confirmed within the list of exhibits included in the disclosure document.
Specifically, the document you receive should include exhibits A through M, with Exhibit F being the Guarantee Agreement. This agreement is crucial as it outlines the obligations and responsibilities of the guarantor, who is often a shareholder, director, officer, member, or partner of the franchisee.
The Guarantee, Postponement, and Covenants agreement ensures that the obligations of the franchisee are met, even in situations where the franchisee may face difficulties. It is important to carefully review this exhibit and understand its implications, especially if you are acting as a guarantor or if your spouse is required to provide spousal consent, as it may impact personal and community property.