What is the deadline for each guarantor to sign a renewal or reaffirmation of guarantee for an Amorino franchise?
Amorino Franchise · 2025 FDDAnswer from 2025 FDD Document
- (6) no later than 30 days prior to the expiration of the current term, have each person who has guaranteed your obligations under this Agreement sign a renewal or reaffirmation of such guarantee in form satisfactory to us;
Source: Item 22 — CONTRACTS (FDD pages 80–81)
What This Means (2025 FDD)
According to Amorino's 2025 Franchise Disclosure Document, if you choose to renew your franchise agreement, any individual who has guaranteed your obligations to Amorino must sign a renewal or reaffirmation of that guarantee. This document must be in a form that Amorino finds satisfactory.
The deadline for submitting this signed guarantee renewal or reaffirmation is no later than 30 days before the expiration of the current franchise term. This requirement ensures that Amorino has continued financial security from the guarantors throughout the renewal term.
It is important for prospective Amorino franchisees to understand who is required to act as a guarantor and to ensure these individuals are prepared to meet this deadline should the franchisee pursue a renewal. Failure to meet this deadline could jeopardize the renewal of the franchise agreement.