factual

Does the Bumble Roofing franchise agreement require guarantors to adhere to confidentiality agreements after termination?

Bumble_Roofing Franchise · 2025 FDD

Answer from 2025 FDD Document

GUARANTEE OF PERFORMANCE

For value received, Outdoor Living Brands HoldCo LLC, a Delaware limited liability company (the "Guarantor"), located at 2426 Old Brick Road, Glen Allen, Virginia 23060, absolutely and unconditionally guarantees to assume the duties and obligations of Bumble Roofing Franchisor, LLC located at 2426 Old Brick Road, Glen Allen, Virginia 23060 (the "Franchisor"), under its franchise registration in each state where the franchise is registered, and under its Franchise Agreement identified in its 2025 Franchise Disclosure Document, as it may be amended, and as that Franchise Agreement may be entered into with franchisees and amended, modified or extended from time to time. This guarantee continues until all such obligations of the Franchisor under its franchise registrations and the Franchise Agreement are satisfied or until the liability of Franchisor to its franchisees under the Franchise Agreement has been completely discharged, whichever first occurs. The Guarantor is not discharged from liability if a claim by a franchisee against the Franchisor remains outstanding. Notice of acceptance is waived. The Guarantor does not waive receipt of notice of default on the part of the Franchisor. This guarantee is binding on the Guarantor and its successors and assigns.

Source: Item 22 — CONTRACTS (FDD page 53)

What This Means (2025 FDD)

Based on the 2025 Bumble Roofing Franchise Disclosure Document, it is not possible to determine whether guarantors are required to adhere to confidentiality agreements after termination. While Exhibit I discusses the Guarantee of Performance, it focuses on the guarantor's obligation to assume the duties and obligations of Bumble Roofing Franchisor, LLC under its franchise registration and Franchise Agreement. The document does not specify whether this guarantee extends to confidentiality agreements post-termination. A prospective franchisee should review the full franchise agreement and related exhibits, and clarify with Bumble Roofing whether guarantors are bound by confidentiality clauses even after the agreement is terminated.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.