Are guarantors for Big Blue Swim School responsible for monetary obligations of the franchisee?

According to the 2025 Big Blue Swim School Franchise Disclosure Document, Exhibit B outlines the Guaranty and Assumption of Obligations. This exhibit indicates that a guarantor is involved in ensuring the franchisee's obligations are met.

Specifically, the document mentions "THIS GUARANTY AND ASSUMPTION OF OBLIGATIONS" suggesting that guarantors are indeed responsible for the franchisee's obligations. This is a standard practice in franchising where the franchisor seeks additional security to ensure financial and contractual obligations are fulfilled.

Prospective Big Blue Swim School franchisees should carefully review Exhibit B and understand the full extent of the guarantor's responsibilities. This includes understanding which specific obligations are covered by the guaranty, the conditions under which the guaranty can be invoked, and the potential liabilities the guarantor may face. It is advisable to seek legal counsel to fully comprehend the implications of providing a guaranty for a Big Blue Swim School franchise.