What does the Guaranty and Assumption of Obligations document guarantee for Big Blue Swim School?

Based on the 2025 Big Blue Swim School Franchise Disclosure Document, Exhibit B to the Franchise Agreement is titled "Guaranty and Assumption of Obligations." However, the provided excerpts do not contain the specific details or terms outlined within this document.

Without the full text of Exhibit B, it's impossible to determine the exact obligations guaranteed or assumed. Generally, such a document typically involves a personal guarantee from the franchisee (or its owners/principals) to ensure the franchisee fulfills all financial and operational obligations under the Franchise Agreement. This could include guaranteeing payment of fees, adherence to brand standards, and compliance with all contractual terms.

A prospective Big Blue Swim School franchisee should carefully review Exhibit B of the Franchise Agreement with their legal counsel to fully understand the scope and implications of the Guaranty and Assumption of Obligations. They should clarify what specific obligations are being guaranteed, under what circumstances the guarantee can be invoked, and what the potential financial and legal consequences are for the guarantor.