What is the date that the All County Guaranty and Assumption of Obligations is given?

According to All County's 2025 Franchise Disclosure Document, the Guaranty and Assumption of Obligations is signed on the same day and year as the Franchise Agreement. The Guarantor affixes their signature as confirmation. This means that the personal guarantee, where the guarantor agrees to be responsible for the franchisee's obligations, is executed concurrently with the main franchise agreement.

For a prospective All County franchisee, this implies that if the franchise is owned by a business entity, the individual owner(s) will likely need to sign a personal guarantee at the same time the franchise agreement is signed. This makes the guarantor personally liable for the financial obligations of the franchise. It is a common practice in franchising to have owners or principals of a franchisee business entity provide a personal guarantee.

The guarantor's obligations are comprehensive, as the liability is not contingent on All County first pursuing remedies against the franchisee. The guarantor's liability also remains unaffected by any extensions of time or credit All County might grant to the franchisee. The guarantor also waives rights to payments and claims for reimbursement or subrogation against the franchisee arising from their performance under the Guaranty.

It is important for potential All County franchisees and their guarantors to fully understand the implications of this guarantee, as it represents a significant personal financial commitment. They should seek legal counsel to review the terms and conditions of the Guaranty and Assumption of Obligations to fully understand their responsibilities and potential liabilities.