Does Amorino require a personal guaranty from the franchisee?
Amorino Franchise · 2025 FDDAnswer from 2025 FDD Document
We require that you or, if you are a business entity, each of your owners, and their spouses or registered domestic partners, sign a personal guaranty in a form acceptable to us, to guaranty your performance under the franchise agreement and any other related agreements.
Source: Item 14 — PATENTS, COPYRIGHTS, AND PROPRIETARY INFORMATION (FDD pages 52–54)
What This Means (2025 FDD)
According to Amorino's 2025 Franchise Disclosure Document, Amorino requires a personal guarantee. Specifically, Amorino requires that the franchisee, or if the franchisee is a business entity, each of the owners of the business entity, along with their spouses or registered domestic partners, must sign a personal guaranty. This guaranty must be in a form acceptable to Amorino.
The purpose of this personal guaranty is to ensure that the franchisee fulfills their obligations under the franchise agreement and any other related agreements. This is a common practice in franchising, as it provides the franchisor with additional security and recourse in case the franchisee defaults on their obligations.
For a prospective Amorino franchisee, this means that they, and potentially their spouse or registered domestic partner, will be personally liable for the business's debts and obligations to Amorino. This is a significant commitment and should be carefully considered before signing the franchise agreement. It is advisable to consult with a legal and financial professional to fully understand the implications of signing a personal guaranty.