Can the Baymont Inn Suites Guaranty be executed in multiple counterparts?
Baymont_Inn_Suites Franchise · 2025 FDDAnswer 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 22 — CONTRACTS (FDD pages 96–97)
What This Means (2025 FDD)
According to Baymont Inn Suites's 2025 Franchise Disclosure Document, the Guaranty agreement can be executed in multiple counterparts. This means that the Guaranty does not require all parties to sign the same physical document. Instead, each party can sign a separate copy, and all the signed copies together will constitute one complete and binding agreement.
This flexibility is particularly useful when the guarantors are located in different geographic locations, making it impractical to gather all signatures on a single document. Each signed copy is considered an original, and all the originals collectively form the complete agreement. This is a fairly standard clause in franchise agreements to simplify the signing process.
For a prospective Baymont Inn Suites franchisee, this means that if a Guaranty is required as part of the franchise agreement, the process of obtaining signatures from multiple guarantors should be more convenient. Each guarantor can sign a separate copy of the Guaranty and return it, rather than having to coordinate the signing of a single document.