As of what date must the Guaranty and Assumption of Obligations be executed by all Owners for a Boulder Designs franchise?

According to Boulder Designs' 2025 Franchise Disclosure Document, the Guaranty and Assumption of Obligations must be executed and delivered by each of the undersigned owners on the date set forth in the introductory paragraph of the Guaranty. This indicates that the guaranty should be executed at the same time the franchise agreement is signed.

This agreement ensures that the franchisor, Boulder Designs Franchising, LLC, would not have agreed to enter into the Franchise Agreement with the Franchisee without this guarantee. The owners guarantee the prompt and full payment of all amounts owed by the franchisee under the Franchise Agreement. They also agree to pay all amounts due under this Guaranty within 14 days after receiving notice from Franchisor that the Franchisee has failed to make the required payment.

Furthermore, the owners waive their right to a jury trial in any action involving Boulder Designs that arises out of or is related to the Franchise Agreement. They also agree that any notices required to be delivered to them will be deemed delivered at the time delivered by hand; one Business Day after electronically confirmed transmission by other electronic system; one Business Day after delivery by Express Mail or other recognized, reputable overnight courier; or three Business Days after placement in the United States Mail by Registered or Certified Mail, Return Receipt Requested, postage prepaid and addressed to the address identified on the signature line below.

This comprehensive guarantee underscores the importance Boulder Designs places on securing its financial interests and ensuring franchisee compliance. Prospective franchisees should carefully review this document with their legal counsel to fully understand their obligations and potential liabilities.