Does the Bumble Roofing franchise agreement include an attachment for a Guaranty and Assumption of Franchisee's Obligations, and if so, what is the attachment letter?
Bumble_Roofing Franchise · 2025 FDDAnswer from 2025 FDD Document
ATTACHMENT B TO FRANCHISE AGREEMENT
GUARANTY AND ASSUMPTION OF FRANCHISEE'S OBLIGATIONS
Source: Item 22 — CONTRACTS (FDD page 53)
What This Means (2025 FDD)
According to Bumble Roofing's 2025 Franchise Disclosure Document, the franchise agreement does include an attachment for a Guaranty and Assumption of Franchisee's Obligations. Specifically, Attachment B to the Franchise Agreement is titled "GUARANTY AND ASSUMPTION OF FRANCHISEE'S OBLIGATIONS."
This attachment is a standard legal document used in franchising to ensure that the obligations of the franchisee are met, even if the franchisee is a corporate entity. By signing this guaranty, an individual (typically a principal of the franchisee) agrees to be personally liable for the franchisee's debts and other obligations under the Franchise Agreement.
This means that if the Bumble Roofing franchisee fails to pay royalties, meet performance standards, or otherwise breaches the Franchise Agreement, the franchisor can pursue the guarantor directly for damages. This provides an additional layer of security for Bumble Roofing and is a common practice in the franchise industry.