Where can I find the 'Owner and Spouse Agreement and Guaranty' exhibit in the Beard Papas franchise agreement?
Beard_Papas Franchise · 2025 FDDAnswer from 2025 FDD Document
he following schedule is complete and accurately identifies Franchisee's Owners, Franchisee's Managing Owner, and their respective ownership interests in Franchisee. Defined terms shall have the meanings set forth in the Franchise Agreement between Franchisor and Franchisee.
Owner Name Owner Address Ownership Interest Percentage Name of designated Managing Owner: Dated: Muginoho International, Inc. Name and Title (please print) Name (please print)
Franchise Agreement – Exhibit 1
Owner and Spouse Agreement and Guaranty
OWNER AND SPOUSE AGREEMENT AND GUARANTY
This Franchise Owner and Spouse Agreement and Individual Guaranty (the "Agreement") is individually entered into by you as either an owner of ____________________________ (hereinafter referred to as "Franchisee"), Franchisee, or the spouse of the owner of franc
Source: Item 23 — RECEIPTS (FDD pages 58–275)
What This Means (2025 FDD)
According to Beard Papas's 2025 Franchise Disclosure Document, the Owner and Spouse Agreement and Guaranty can be found as Exhibit 1 to the Franchise Agreement. This agreement is formally titled "Franchise Owner and Spouse Agreement and Individual Guaranty".
This agreement is entered into by the owner of the franchisee or the spouse of the owner. It is made in favor of Muginoho International, Inc., the franchisor of the Beard Papa's franchise system, as well as its successors and assigns. The agreement outlines the terms and conditions under which the owner and/or spouse guarantee the franchisee's obligations to Beard Papas.
Prospective franchisees and their spouses should carefully review Exhibit 1 with their legal counsel to fully understand their obligations and liabilities as guarantors under the Beard Papas franchise agreement. This is a standard requirement in franchising, as franchisors typically seek personal guarantees to ensure the financial commitments of the franchisee are met.