Who is the 'Franchisor' referred to in the Black Bear Diner Guaranty and Assumption of Obligations?
Black_Bear_Diner Franchise · 2025 FDDAnswer from 2025 FDD Document
"Franchise Agreement" means the then-currently used form of the BBDI LLC franchise agreement that Franchisor is offering to new franchisees.
"Personal Guarantors" means those persons as specified in Section 3.3 who are required to sign the Guarantee and Assumption of Obligations in Exhibit C;
Source: Item 23 — RECEIPT (FDD pages 56–243)
What This Means (2025 FDD)
According to the 2025 Black Bear Diner Franchise Disclosure Document, the 'Franchisor' that new franchisees will be dealing with is BBDI LLC. This entity is the one offering the franchise agreement. The Franchise Agreement itself is defined as the current version of the BBDI LLC franchise agreement that Black Bear Diner offers to new franchisees.
The document also specifies that the 'Personal Guarantors' are those individuals required to sign the Guarantee and Assumption of Obligations, as detailed in Exhibit C of the agreement. This clarifies who must provide a personal guarantee to support the franchisee's obligations.
Understanding the exact legal entity you are franchising with is crucial. As a prospective franchisee, it is important to review Exhibit C and understand the full scope of the Guarantee and Assumption of Obligations, including who is required to sign it and what liabilities they are guaranteeing.