Who executed the Illinois guarantee on behalf of Premium Service Brands, LLC for 360 Painting?
360_Painting Franchise · 2025 FDDAnswer from 2025 FDD Document
The Guarantor executes this guarantee in Charlottesville, VA on the 28th day of April, 2025.
Guarantor:
Premium Service Brands, LLC
By:
Name: Paul Flick
GUARANTEE OF PERFORMANCE Illinois
For value received, Premium Service Brands, LLC ("Guarantor"), a limited liability company organized under the laws of the State of Delaware and located at 126 Garrett Street, Suite J, Charlottesville, VA 22902, absolutely and unconditionally guarantees to assume the duties and obligations of 360 Painting, LLC, located at 126 Garrett Street, Suite J, Charlottesville, VA 22902 (the "Franchisor"), under its franchise registration in each state where the franchise is registered, and under its Franchise Agreement identified in its 2025 Franchise Disclosure Document, as it may be amended, and as that Franchise Agreement may be entered into with franchisees and amended, modified or extended from time to time. This guarantee continues until all such obligations of the Franchisor under its franchise registrations and the Franchise Agreement are satisfied or until the liability of Franchisor to its franchisees under the Franchise Agreement has been completely discharged, whichever first occurs. The Guarantor is not discharged from liability if a claim by a franchisee against the Franchisor remains outstanding. Notice of acceptance is waived. The Guarantor does not waive receipt of notice of default on the part of the Franchisor. This guarantee is binding on the Guarantor and on its successors and assigns.
The Guarantor executes this guarantee in Charlottesville, VA on the 28th day of April, 2025.
Guarantor:
Premium Service Brands, LLC
By:
Name: Paul Flick
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 56)
What This Means (2025 FDD)
According to the 2025 Franchise Disclosure Document, the Illinois guarantee of performance for 360 Painting was executed by Premium Service Brands, LLC. The document specifies that Premium Service Brands, LLC, as the Guarantor, absolutely and unconditionally guarantees the duties and obligations of 360 Painting, LLC under its franchise registration in each state where the franchise is registered, including Illinois, and under its Franchise Agreement identified in the 2025 Franchise Disclosure Document.
The guarantee ensures that Premium Service Brands, LLC will assume the responsibilities of 360 Painting, LLC, until all obligations are satisfied or the liability of 360 Painting, LLC to its franchisees has been completely discharged. The guarantee is binding on Premium Service Brands, LLC and its successors and assigns.
Paul Flick executed the guarantee on behalf of Premium Service Brands, LLC. The document includes the following details: the guarantee was executed in Charlottesville, VA on April 28, 2025. The guarantor is listed as Premium Service Brands, LLC, and it is signed by Paul Flick.