factual

When do the Guarantor's obligations under the Beyond Juicery Eatery Guaranty become effective?

Beyond_Juicery_Eatery Franchise · 2025 FDD

Answer from 2025 FDD Document

In consideration of and as an inducement to Franchisor signing and delivering the Franchise Agreement, each Guarantor signing this Guaranty personally and unconditionally: (a) guarantees to Franchisor and its successors and assigns that the Franchisee will punctually pay and perform each and every undertaking, agreement and covenant set forth in the Franchise Agreement; and (b) agrees to be personally bound by, and personally liable for the breach of each and every provision in the Franchise Agreement.

Source: Item 22 — CONTRACTS (FDD page 60)

What This Means (2025 FDD)

According to Beyond Juicery Eatery's 2025 Franchise Disclosure Document, the obligations of the Guarantor become effective when the Franchise Agreement is signed and delivered by Beyond Juicery + Eatery Franchising, LLC. The Guarantor, who is a principal owner of the franchisee, provides a personal and unconditional guarantee to Beyond Juicery Eatery that the franchisee will fulfill all obligations outlined in the Franchise Agreement. This includes both the timely payment of fees and the performance of all agreements and covenants.

This means that from the moment the Franchise Agreement is finalized, the Guarantor is personally liable for any breaches of the agreement by the franchisee. This liability extends to all provisions within the Franchise Agreement, making the Guarantor's role a significant commitment. The guarantor is essentially vouching for the financial and operational responsibility of the franchisee.

For a prospective Beyond Juicery Eatery franchisee, this highlights the importance of understanding all aspects of the Franchise Agreement before it is signed. The principal owners should carefully review the agreement and seek legal counsel to fully grasp the implications of the personal guarantee. This ensures they are aware of the financial and legal responsibilities they are undertaking.

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.