factual

What is the purpose of Attachment 3 in the Better Blend franchise agreement?

Better_Blend Franchise · 2024 FDD

Answer from 2024 FDD Document

Attachment 3 to Franchise Agreement

GUARANTY AND NON-COMPETE AGREEMENT

This Guaranty and Non-Compete Agreement (this "Guaranty") is executed by the undersigned person(s) (each, a "Guarantor") in favor of Better Blend Franchising, LLC, an Ohio limited liability company ("BBF").

Source: Item 22 — CONTRACTS (FDD page 43)

What This Means (2024 FDD)

According to Better Blend's 2024 Franchise Disclosure Document, Attachment 3 to the franchise agreement is a "Guaranty and Non-Compete Agreement." This agreement is executed by a person, known as the Guarantor, in favor of Better Blend Franchising, LLC.

The Guaranty and Non-Compete Agreement means that the Guarantor is guaranteeing the franchisee's obligations and also agreeing not to compete with Better Blend. This likely means that a third party, such as a spouse or business partner, is guaranteeing the franchisee's performance of the franchise agreement. The guarantor also agrees to not compete with Better Blend.

Better Blend includes a provision that the Guarantor agrees that each covenant is independent of any other covenant or provision of this Guaranty or the Franchise Agreement. If any part of the covenants are deemed unenforceable, the parties intend for a court or arbitrator to modify the restriction to protect Better Blend's business interests. The guarantor's liability won't be affected by any amendments to the Franchise Agreement, extensions of time, or acceptance of partial payments. The Guaranty is governed by Ohio law, and the dispute resolution provisions of Article 17 of the Franchise Agreement are incorporated into the Guaranty.

Disclaimer: This information is extracted from the 2024 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.