Where can I find the Guaranty and Undertaking of Principal's Obligations for the Bumper Man franchise?

According to the 2025 Bumper Man FDD, the Guaranty and Undertaking of Principal's Obligations is attached to the Franchise Agreement as Exhibit B. This document is a standard legal agreement where the principals of the franchisee (typically owners or major stakeholders) agree to be personally responsible for the franchisee's obligations under the Franchise Agreement. This means that if the franchise entity fails to meet its financial or contractual duties, Bumper Man can seek recourse directly from the principal's personal assets.

Bumper Man requires all shareholders, officers, directors, partners, members, and managers with access to confidential information to sign non-disclosure agreements. Furthermore, principals are individually and jointly and severally bound by the obligations of the franchise through the Guaranty and Undertaking. If the franchisee is married, Bumper Man requires the spouse to sign the Guaranty, regardless of whether they have any ownership interest in the franchise entity.

The purpose of this requirement is to ensure that Bumper Man has additional security and recourse in case of default or breach of contract by the franchisee. It also serves to align the interests of the principals with the success of the franchise, as their personal assets are at stake. This is a common practice in franchising, as franchisors want to ensure that franchisees are fully committed to the business and adhere to the terms of the agreement.

Prospective Bumper Man franchisees should carefully review the Guaranty and Undertaking of Principal's Obligations with their legal counsel to fully understand the implications of signing such a document. They should be aware that their personal assets could be at risk if the franchise fails or if they breach the Franchise Agreement. Franchisees should also ensure that they fully understand their obligations under the Franchise Agreement before signing the Guaranty.