Where can I find the form for the Personal Guarantee required for a Bens Soft Pretzels franchise?
Bens_Soft_Pretzels Franchise · 2025 FDDAnswer from 2025 FDD Document
All persons owning an interest in Franchisee that is a corporation, limited liability company, partnership or other legal entity must execute the form of undertaking and guarantee at the end of this Agreement.
Any person or entity that at any time after the date of this Agreement that becomes an owner pursuant to the provisions of Paragraph 11 or otherwise must execute the form of undertaking and guarantee at the end of this Agreement.
Source: Item 15 — OBLIGATION TO PARTICIPATE IN THE ACTUAL OPERATION OF THE FRANCHISE BUSINESS (FDD page 34)
What This Means (2025 FDD)
According to the 2025 Bens Soft Pretzels Franchise Disclosure Document, the personal guarantee form that is required for all persons owning an interest in the Franchisee can be found at the end of the Franchise Agreement. This applies if the franchisee is a corporation, limited liability company, partnership, or other legal entity.
Furthermore, the personal guarantee is required for any person or entity that becomes an owner after the date of the Franchise Agreement, pursuant to the provisions of Paragraph 11 or otherwise. This ensures that all individuals with an ownership stake in the Bens Soft Pretzels franchise are personally liable for the obligations and responsibilities outlined in the Franchise Agreement.
In practical terms, this means that if you own a Bens Soft Pretzels franchise through a business entity, you and any other owners must sign a personal guarantee. This guarantee holds you personally responsible for the financial and legal obligations of the franchise, protecting Bens Soft Pretzels from potential losses if the business entity fails to meet its obligations. This is a common practice in franchising, as it provides an additional layer of security for the franchisor.