factual
What is the 'Guaranty' in the Amorino Personal Guaranty also referred to as?
Amorino Franchise · 2025 FDDAnswer from 2025 FDD Document
If we do consent to any transfer, each Principal of the Business Entity and their spouse or registered domestic partner must provide a personal guaranty in our then-current form of personal guaranty.
Source: Item 22 — CONTRACTS (FDD pages 80–81)
What This Means (2025 FDD)
According to Amorino's 2025 Franchise Disclosure Document, when a franchisee transfers the franchise to a business entity, each principal of the business entity and their spouse or registered domestic partner must provide a personal guaranty. This personal guaranty ensures that these individuals will be held personally liable for the obligations of the franchise agreement. This requirement is in Amorino's then-current form of personal guaranty.
Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only.
It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.