Is the Guaranty for Big Blue Swim School irrevocable during the term of the Franchise Agreement?

Based on the 2025 Big Blue Swim School Franchise Disclosure Document, the specific terms and conditions of the Guaranty and Assumption of Obligations, including whether it is irrevocable, are not detailed in the provided excerpts. While Exhibit B to the Franchise Agreement is titled "GUARANTY AND ASSUMPTION OF OBLIGATIONS," the excerpt does not provide the specific language of the guaranty itself.

Item 22 discusses various aspects of the franchise agreement, such as transfer conditions, the franchisee's acknowledgments, and the term of the agreement. It also mentions that a transferee might be required to sign a Guaranty and Assumption of Obligations as part of a transfer, which may differ from the original agreement. However, the document excerpts do not specify whether the guaranty is irrevocable during the term of the Franchise Agreement.

A prospective Big Blue Swim School franchisee should carefully review the full Guaranty and Assumption of Obligations document and seek legal counsel to understand the extent of the obligations being guaranteed and whether the guaranty can be revoked or modified during the term of the franchise agreement. It is important to understand the circumstances under which the guaranty may be enforced and the potential liabilities involved.