What document must the Certified Technician Operating Principal and other Principals of the Certified Technician execute for a Bumper Man franchise?

According to the 2025 Bumper Man FDD, if the Certified Technician is an entity, its Principals must sign a Guaranty and Undertaking of Obligations, which is included as Exhibit A to the Certified Technician Addendum. The Certified Technician Operating Principal will be identified in the Certified Technician Addendum and must meet specific criteria outlined in the Franchise Agreement. These criteria include owning at least 51% equity interest and having the authority to manage daily operations.

The Guaranty and Undertaking of Obligations serves as a commitment from the Principals to ensure the Certified Technician adheres to the terms of the Certified Technician Addendum and the Franchise Agreement. This document protects Bumper Man by providing an additional layer of accountability, ensuring that the individuals behind the Certified Technician entity are personally responsible for upholding the franchise's standards and obligations.

Prospective Bumper Man franchisees should carefully review Exhibit A and understand the implications of the Guaranty and Undertaking of Obligations. They should also ensure that the Certified Technician Operating Principal meets all the specified criteria and is prepared to fulfill the responsibilities associated with the role. This requirement is a standard practice in franchising, as it ensures that the franchisor has recourse against the individuals controlling the franchisee entity, not just the entity itself.