If the Franchisee is an entity, what must Better Blend have each Owner sign?

According to Better Blend's 2024 Franchise Disclosure Document, if the franchisee is an entity, Better Blend requires each owner to sign a Guaranty. This means that each individual owner of the franchisee entity personally guarantees the franchisee's obligations under the Franchise Agreement.

This requirement is a common practice in franchising. It ensures that Better Blend has recourse to the personal assets of the owners if the franchisee entity fails to meet its financial or contractual obligations. The Guaranty essentially makes the owners personally liable for the debts and actions of the franchise.

Prospective Better Blend franchisees should carefully review the terms of the Guaranty and understand the full extent of their personal liability. They should also consider seeking legal advice to fully understand the implications of signing such a document. If multiple guarantors sign, each will have joint and several liability.