Who is the Guaranty and Assumption of Obligations given to for a Big Blue Swim School franchise?

According to the 2025 Big Blue Swim School Franchise Disclosure Document, Exhibit B to the Franchise Agreement outlines the Guaranty and Assumption of Obligations. This agreement is given to Big Blue Swim School Franchising, LLC, an Illinois limited liability company.

In essence, this legal document ensures that Big Blue Swim School has recourse if the franchisee fails to meet their financial or operational obligations. The guarantor, typically the individual franchisee or a related entity, promises to cover the franchisee's debts and responsibilities to Big Blue Swim School.

For a prospective Big Blue Swim School franchisee, this means they (or their designated guarantor) must be prepared to sign a legally binding document that holds them personally liable for the franchise's performance. This is a standard practice in franchising, as it provides the franchisor with added security and encourages franchisees to operate their businesses responsibly. Before signing, franchisees should carefully review the Guaranty and Assumption of Obligations with a qualified attorney to fully understand the implications and potential risks.