Under the Guaranty and Assumption of Franchisee's Obligations, what does the guarantor of a Bumble Roofing franchise unconditionally guarantee to the Franchisor?
Bumble_Roofing Franchise · 2025 FDDAnswer from 2025 FDD Document
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)
According to Bumble Roofing's 2025 Franchise Disclosure Document, Outdoor Living Brands HoldCo LLC, located at 2426 Old Brick Road, Glen Allen, Virginia 23060, the Guarantor, absolutely and unconditionally guarantees to assume the duties and obligations of Bumble Roofing Franchisor, LLC, located at the same address, under its franchise registration in each state where the franchise is registered. This also applies to the 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 remains in effect until all obligations of Bumble Roofing Franchisor, LLC under its franchise registrations and the Franchise Agreement are satisfied, or until the liability of the Franchisor to its franchisees under the Franchise Agreement has been completely discharged, whichever occurs first. The Guarantor's liability is not discharged if a claim by a franchisee against the Franchisor remains outstanding, and notice of acceptance is waived.
It is important to note that 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. This means that Outdoor Living Brands HoldCo LLC is legally bound to fulfill the obligations of Bumble Roofing Franchisor, LLC, ensuring franchisees have recourse should the franchisor fail to meet its commitments. This arrangement provides an added layer of security for franchisees, as a separate entity is guaranteeing the franchisor's performance.