Where can I find the form of Guaranty that Augusta Lawn Care requires?
Augusta_Lawn_Care Franchise · 2025 FDDAnswer from 2025 FDD Document
If You are a corporation, all officers and shareholders, or, if You are a partnership, all Your general partners, or, if You are a limited liability company, all Your members, shall approve this Agreement, permit You to furnish the financial information required by Augusta Lawn Care , and agree to the restrictions placed on them including restrictions on the transferability of their interests in the franchise and the Augusta Lawn Care Business and limitations on their rights to compete, and sign separately a Guaranty, guaranteeing Your payments and performance. Where required to satisfy our standards of creditworthiness, or to secure the obligations made under this Agreement, You may be asked to sign the Guaranty. Our form of Guaranty appears as Exhibit C to this Agreement.
Source: Item 23 — RECEIPTS (FDD pages 44–184)
What This Means (2025 FDD)
According to Augusta Lawn Care's 2025 Franchise Disclosure Document, the form of Guaranty that Augusta Lawn Care requires appears as Exhibit C to the Franchise Agreement.
This means that if you are required to sign a Guaranty to ensure your payments and performance under the Franchise Agreement, the specific form you will need to use is included as Exhibit C in the agreement. This is a standard practice in franchising, where personal guarantees are often required, especially from owners of corporate or LLC franchisees, to ensure the franchisor has recourse in case of default.
Prospective franchisees should carefully review Exhibit C and understand the obligations they are undertaking by signing the Guaranty. It is advisable to seek legal counsel to fully understand the implications of the Guaranty before signing the Franchise Agreement.