What document is the 'Guaranty' related to for All County?
All_County Franchise · 2025 FDDAnswer from 2025 FDD Document
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3.2. he will render any payment or performance required under the Agreement upon demand if
APPENDIX C
TO THE FRANCHISE AGREEMENT BETWEEN All County Property Management Franchise Corp.
| AND | |
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| (continued) | |
- 3.3. such liability will not be contingent or conditioned upon our pursuit of any remedies against Franchisee or any other person; and
- 3.4. such liability will not be diminished, relieved or otherwise affected by any extension of time, credit or other indulgence which we may from time to time grant to Franchisee or to any other person, including, without limitation, the acceptance of any partial payment or performance or the compromise or release of any claims, none of which will in any way modify or amend this Guaranty, which will be continuing and irrevocable during the Term of the Agreement and thereafter.
- 3.5. This Guaranty shall be binding on each Guarantor and his respective successors and assigns, and shall inure to our benefit and the benefit our successors and assigns. The Guarantor may not assign his obligations hereunder without our prior written consent.
The obligations of Franchisee and Guarantor, as described herein and in the Agreement, shall not be considered fully paid, performed and discharged unless and until all payments by Franchisee to us are no longer subject to any right on the part of any person to set aside such payments or to seek to recoup the amount of such payments.
Source: Item 22 — Contracts (FDD page 43)
What This Means (2025 FDD)
According to All County's 2025 Franchise Disclosure Document, the Guaranty is related to the Franchise Agreement. Specifically, Appendix D in Item 22 refers to the Guaranty as being 'TO THE FRANCHISE AGREEMENT BETWEEN All County Property Management Franchise Corp.'
This means that a guarantor, who is likely a principal or owner of the franchisee entity, is agreeing to be responsible for the franchisee's obligations under the Franchise Agreement. This is a common practice in franchising, especially when the franchisee is a corporation or LLC, as it ensures that there is an individual who is personally liable for the franchise's debts and obligations.
The Guaranty includes several key provisions. It states that the guarantor's liability is not contingent on All County pursuing remedies against the franchisee first. It also specifies that the liability won't be affected by any extensions of time or credit All County grants to the franchisee. The Guaranty is binding on the guarantor's successors and assigns and remains in effect throughout the term of the Franchise Agreement. Additionally, the guarantor waives rights to payments or claims against the franchisee arising from their obligations under the Guaranty.