Does the Better Blend Guaranty specify any financial thresholds related to the Guarantor's obligations?

According to Better Blend's 2024 Franchise Disclosure Document, the Guaranty outlines certain financial obligations for the Guarantor. Specifically, the Guarantor is responsible for covering all costs incurred by Better Blend in enforcing the Guaranty, including reasonable attorney fees. If there are multiple Guarantors, each of them will have joint and several liability, meaning each Guarantor is individually liable for the full amount of the obligation.

Furthermore, the Guarantor's liability will not be affected by any amendments to the Franchise Agreement, extensions of time or credit granted to the franchisee, or acceptance of partial payments or compromise of claims. This means that the Guarantor remains fully liable even if the terms of the franchise agreement change or if Better Blend makes concessions to the franchisee.

In the event that the Guarantor fails to comply with the non-compete obligations outlined in the Guaranty, the restrictive period will be extended by one day for each day of noncompliance. This provision ensures that Better Blend can enforce the non-compete agreement and protect its business interests. The Guaranty does not specify any particular financial thresholds that would trigger the Guarantor's obligations, but rather focuses on the Guarantor's responsibility to cover costs and comply with certain covenants.