factual

If the Certified Technician for Bumper Man is an entity, what document must the Certified Technician Operating Principal and other principals execute?

Bumper_Man Franchise · 2025 FDD

Answer from 2025 FDD Document

  • (f) If Certified Technician is an Entity, its Principals will sign a Guaranty and Undertaking of Obligations in the form attached as Exhibit A. In addition, if Certified Technician is an Entity, then the Certified Technician Operating Principal is

Source: Item 23 — RECEIPTS (FDD pages 45–180)

What This Means (2025 FDD)

According to Bumper Man's 2025 Franchise Disclosure Document, if the Certified Technician is an entity, its Principals must sign a Guaranty and Undertaking of Obligations in the form attached as Exhibit A. This document ensures that the Principals of the Certified Technician entity personally guarantee the obligations of the Certified Technician under the Certified Technician Addendum.

The Guaranty and Undertaking of Obligations means that the Principals are personally liable for the Certified Technician's performance and adherence to the terms of the Franchise Agreement. This includes financial obligations, compliance with operational standards, and any other commitments made by the Certified Technician.

This requirement protects Bumper Man by ensuring that there are individuals who are ultimately responsible for the Certified Technician's actions and obligations. For a prospective franchisee, this means that if they plan to use a business entity as a Certified Technician, the individuals behind that entity must be willing to personally guarantee the entity's obligations to Bumper Man.

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.