factual

In the Beverly Anns Cookie loan guaranty, what do the pronouns 'I', 'me', and 'my' refer to?

Beverly_Anns_Cookie Franchise · 2025 FDD

Answer from 2025 FDD Document

  • 1. DEFINITIONS. As used in this Guaranty, the terms have the following meanings:
    • A. Pronouns. The pronouns "I", "me" and "my" refer to all persons or entities signing this Guaranty, severally and together. "You" and "your" refer to the Lender.

Source: Item 22 — CONTRACTS (FDD page 57)

What This Means (2025 FDD)

According to Beverly Anns Cookie's 2025 Franchise Disclosure Document, in the loan guaranty contract, the pronouns "I", "me" and "my" refer to all persons or entities signing the Guaranty, both individually and collectively. The terms "you" and "your" refer to the Lender.

This means that any individual or business entity that signs the guaranty agreement is bound by its terms, and the lender is the recipient of the guaranty. This is a standard legal definition to ensure clarity in the contractual obligations.

For a prospective Beverly Anns Cookie franchisee, this definition is important if they are asked to provide a personal guaranty for any loans related to the franchise. The franchisee should carefully review the guaranty agreement to understand the full extent of their obligations and liabilities.

Disclaimer: This information is extracted from the 2025 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.
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