What is the exhibit number for the Guaranty Agreement in the 360 Painting Franchise Agreement?
360_Painting Franchise · 2025 FDDAnswer from 2025 FDD Document
- EXHIBIT C-1 MISCELLANEOUS INFORMATION; TERRITORY DEFINED
- EXHIBIT C-2 PERSONAL COVENANTS
- EXHIBIT C-3 INTERNET WEB SITES AND LISTINGS AGREEMENT
- EXHIBIT C-4 TELEPHONE LISTING AGREEMENT
EXHIBIT C-5 FRANCHISEE INFORMATION
EXHIBIT C-6 GUARANTY AGREEMENT
EXHIBIT C-7 GENERAL RELEASE
EXHIBIT C-8 ACH AUTHORIZATION
EXHIBIT C-9 COPY OF SIGNED RECEIPT TO FRANCHISE DISCLOSURE DOCUMENT
Source: Item 15 — OBLIGATION TO PARTICIPATE IN THE ACTUAL OPERATION OF THE FRANCHISE BUSINESS (FDD pages 41–42)
What This Means (2025 FDD)
According to the 2025 360 Painting Franchise Disclosure Document, the Guaranty Agreement is identified as Exhibit C-6 within the Franchise Agreement. This exhibit is part of a series of exhibits (C-1 through C-9) that are attached to and incorporated into the Franchise Agreement. These exhibits cover various aspects of the franchise relationship, including territory definitions, personal covenants, website agreements, telephone listing agreements, franchisee information, the Guaranty Agreement itself, general releases, ACH authorization, and a copy of the signed receipt for the Franchise Disclosure Document.
For a prospective 360 Painting franchisee, understanding the Guaranty Agreement is crucial. It outlines the obligations of a guarantor, who may be required to ensure the franchisee's performance of their obligations under the Franchise Agreement. This could involve a personal guarantee from the franchisee or a guarantee from another entity, ensuring that the franchisor, 360 Painting, has recourse if the franchisee fails to meet their financial or operational commitments.
The presence of multiple exhibits highlights the complexity and detail involved in the 360 Painting franchise agreement. Franchisees should carefully review each exhibit to fully understand their rights and responsibilities. Specifically, Exhibit C-6, the Guaranty Agreement, should be scrutinized to determine the extent of the guarantor's obligations and potential liabilities. It is advisable to seek legal counsel to fully comprehend the implications of this agreement before signing the franchise agreement.
Understanding the exhibit number helps a prospective franchisee quickly locate and reference this specific agreement within the larger set of documents. This attention to detail is important for ensuring compliance and managing risk throughout the franchise relationship with 360 Painting.