factual

Can the Baymont Inn Suites Guaranty be executed in counterparts?

Baymont_Inn_Suites Franchise · 2025 FDD

Answer from 2025 FDD Document

This Guaranty may be executed in one or more counterparts, each of which shall be deemed an original but all of which together shall constitute one and the same instrument.

Source: Item 23 — RECEIPTS (FDD pages 97–443)

What This Means (2025 FDD)

According to the 2025 Baymont Inn Suites Franchise Disclosure Document, the Guaranty can be executed in counterparts. This means that the Guaranty agreement does not need to be signed on a single document. Instead, multiple identical copies can be signed by different parties, and all of these signed copies together will be considered a single, binding agreement.

For a prospective Baymont Inn Suites franchisee, this provides flexibility in the execution process. If there are multiple guarantors located in different places, each can sign a separate copy of the Guaranty and return it, rather than needing to coordinate the signing of a single document. This can expedite the process and make it more convenient for all parties involved.

The FDD specifies that each counterpart is considered an original, and all counterparts together constitute one and the same instrument. This ensures that all signed copies are legally equivalent and collectively form the complete agreement. This is a fairly standard clause in franchise agreements to ease the administrative burden of obtaining signatures from multiple parties.

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.