Who is considered 'immediate family' for the purposes of signing the Guaranty and Assumption of Franchisee's Obligations for a Bumble Roofing franchise?
Bumble_Roofing Franchise · 2025 FDDAnswer from 2025 FDD Document
Each individual who owns, directly or indirectly, a 5% or greater interest in you (and, if you sign the Franchise Agreement as an individual, your immediate family defined as your spouse and domestic partner) must sign the Guaranty and Assumption of Franchisee's Obligations assuming and agreeing to discharge all of your obligations and comply with all restrictions under the Franchise Agreement (See Attachment B to the Franchise Agreement).
Source: Item 15 — OBLIGATION TO PARTICIPATE IN THE ACTUAL OPERATION OF THE FRANCHISE BUSINESS (FDD page 42)
What This Means (2025 FDD)
According to Bumble Roofing's 2025 Franchise Disclosure Document, if a franchisee signs the Franchise Agreement as an individual, their immediate family, defined specifically as their spouse and domestic partner, must sign the Guaranty and Assumption of Franchisee's Obligations. This agreement means they assume and agree to fulfill all of the franchisee's obligations and comply with all restrictions outlined in the Franchise Agreement.
This requirement ensures that individuals with close ties to the franchisee are also committed to the success and compliance of the Bumble Roofing franchise. It provides an additional layer of security for the franchisor, as these family members are legally bound to uphold the franchisee's responsibilities. This is a fairly common practice in franchising, as it aims to prevent franchisees from shielding assets or avoiding obligations through their immediate family members.
For a prospective Bumble Roofing franchisee, this means that their spouse or domestic partner will need to be fully aware of the obligations and restrictions of the franchise agreement and be willing to sign the Guaranty and Assumption of Franchisee's Obligations. This requirement underscores the importance of open communication and shared commitment within the franchisee's family when considering a franchise investment. It is crucial to carefully review the Franchise Agreement and discuss its implications with all parties involved before moving forward.