What statement does the guarantor need to sign in the Bambu FDD's certificate?
Bambu Franchise · 2025 FDDAnswer from 2025 FDD Document
| I HEREBY CERTIFY THAT: |
|---|
| 1. |
| (guarantor's name) |
| , the guarantor in the guarantee dated made between |
| and, which this certificate is attached to or noted on, |
| appeared in person before me and acknowledged that he/she had executed the guarantee. |
| 2. I satisfied myself by examination of the guarantor that he/she is aware of the contents of the guarantee |
| and understands it. |
| CERTIFIED by |
| (print name) |
| , Barrister and Solicitor at the of, in the |
| Province of Alberta, this day of, 20 |
| Signature |
| STATEMENT OF GUARANTOR |
| I am the person named in this certificate. |
Source: Item 23 — Receipts (FDD pages 52–209)
What This Means (2025 FDD)
According to Bambu's 2025 Franchise Disclosure Document, the guarantor must sign a statement confirming they are the person named in the certificate. The statement reads, "I am the person named in this certificate."
This statement is part of a larger certification process that includes the guarantor appearing before a legal professional (Barrister and Solicitor in the Province of Alberta, according to the sample) who certifies that the guarantor understands the contents of the guarantee. This process aims to ensure that the guarantor is fully aware of their obligations and liabilities under the guarantee.
For a prospective Bambu franchisee, this means that if a guarantor is required for the franchise agreement, the guarantor will need to sign this statement as part of the certification. This requirement is in addition to the guarantor's signature on the guarantee itself. It is important for the guarantor to fully understand the guarantee before signing the statement, as they are attesting to their awareness and understanding of its contents.