Does the Guarantor of an All County franchise consent to the terms of the Franchise Agreement?
All_County Franchise · 2025 FDDAnswer from 2025 FDD Document
Each of the undersigned hereby acknowledges having read and understood this Addendum and consents to be bound by all its terms.
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IN WITNESS WHEREOF, each of the undersigned Guarantors has affixed his signature on the same day and year as the Agreement was executed.
GUARANTOR(S)
Source: Item 22 — Contracts (FDD page 43)
What This Means (2025 FDD)
According to All County's 2025 Franchise Disclosure Document, the guarantor consents to the terms of the Franchise Agreement. Specifically, for franchisees in Illinois and California, the FDD states that each undersigned party acknowledges having read and understood the addendum and consents to be bound by all its terms. This indicates that all parties involved, including the guarantor, agree to the conditions outlined in the franchise agreement and its addendum.
The guarantor's consent is further reinforced by the inclusion of a signature line for the guarantor. The FDD states, "IN WITNESS WHEREOF, each of the undersigned Guarantors has affixed his signature on the same day and year as the Agreement was executed." This clause confirms that the guarantor's signature serves as an explicit agreement to the terms of the guaranty.
Moreover, the guarantor's obligations are comprehensive and binding. The FDD specifies that the guaranty is continuing and irrevocable during the term of the agreement and thereafter. The guarantor also waives rights to payments and claims against the franchisee arising from their execution and performance under the guaranty. These provisions underscore the guarantor's commitment to fulfilling the obligations outlined in the Franchise Agreement.