What is the consideration for the Guaranty provided by the Guarantor in the All County Franchise Agreement?
All_County Franchise · 2025 FDDAnswer from 2025 FDD Document
| For and in consideration of the Agreements and covenants described below, All County Property Management Franchise Corp. ("All County") and ("Franchisee") enter into this Release of Claims ("Agreement"). |
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| RECITALS |
| A. All County and Franchisee entered into an All County Franchise Agreement dated, |
| B. [NOTE: Describe the circumstances relating to the release.] |
| C. Subject to and as addressed with greater specificity in the terms and conditions set forth below, All County and |
| Franchisee now desire to settle any and all disputes that may exist between them relating to the Franchise Agreement. |
| AGREEMENTS |
| 1. Consideration. [NOTE: Describe the consideration paid.] |
Source: Item 22 — Contracts (FDD page 43)
What This Means (2025 FDD)
According to All County's 2025 Franchise Disclosure Document, the consideration for the Guaranty provided by the Guarantor in the All County Franchise Agreement is detailed within a Release of Claims agreement. The agreement states that All County and the Franchisee are entering into this agreement "for and in consideration of the Agreements and covenants described below".
This agreement is made in reference to a prior All County Franchise Agreement between All County and the Franchisee. The agreement states that All County and the Franchisee desire to settle any and all disputes that may exist between them relating to the Franchise Agreement.
Within the agreement, under the section titled "AGREEMENTS", it is noted that the consideration paid should be described. This implies that the specific consideration can vary and will be detailed on a case-by-case basis within the agreement. Prospective franchisees should carefully review this section in their own agreements to understand the exact consideration involved.