What document must each individual who owns an interest in a Bojangles franchise sign?
Bojangles Franchise · 2025 FDDAnswer from 2025 FDD Document
Each individual who owns an interest in you must sign a Guarantee agreeing to be bound by all the terms and conditions of the Development Agreement and Franchise Agreement, as applicable, including any amendments and to unconditionally guarantee the payment of all liabilities incurred by you, as franchisee, at any time and must sign as additional signatories the Franchise Agreement.
Source: Item 15 — OBLIGATION TO PARTICIPATE IN THE ACTUAL OPERATION OF THE FRANCHISE BUSINESS (FDD pages 53–54)
What This Means (2025 FDD)
According to Bojangles's 2025 Franchise Disclosure Document, each individual who owns an interest in the franchise must sign a Guarantee, agreeing to adhere to the terms and conditions of both the Development Agreement and the Franchise Agreement, including any amendments. This Guarantee also includes an unconditional guarantee for the payment of all liabilities incurred by the franchisee at any time. Additionally, these individuals must sign the Franchise Agreement as additional signatories.
This requirement ensures that all owners with a stake in the Bojangles franchise are legally bound to uphold the agreements with the franchisor. By signing the Guarantee, they commit to covering any financial liabilities the franchise may incur. This provides Bojangles with an added layer of financial security and legal recourse.
For a prospective Bojangles franchisee, this means that anyone holding an ownership interest in the franchise entity must be prepared to personally guarantee the franchise's financial obligations and adhere to the franchise agreement. This is a common practice in franchising, as it ensures that all owners are invested in the success and compliance of the franchise.