Which sections of the Bumper Man Franchise Agreement are Principals specifically obligated to under the Guaranty?
Bumper_Man Franchise · 2025 FDDAnswer from 2025 FDD Document
Principal hereby personally and unconditionally guarantees to Franchisor and its successors and assigns, for the Term and afterward as provided in the Agreement, that Certified Technician will punctually pay and perform each and every undertaking, agreement and covenant set forth in the Agreement.
Principal represents that each and every representation of Certified Technician made in connection with the Agreement is true, correct and complete in all respects as of the time given and as of the time of the undersigned Principal(s)' execution of this Guaranty.
Principal acknowledges that it is included in the term "Principal" as described
Source: Item 23 — RECEIPTS (FDD pages 45–180)
What This Means (2025 FDD)
According to the 2025 Bumper Man Franchise Disclosure Document, Principals are obligated to adhere to every provision in the Franchise Agreement. The Principal personally guarantees that the Certified Technician will fulfill every commitment outlined in the agreement, encompassing both monetary obligations and required actions. This obligation extends for the duration of the agreement and afterward, as specified within the Franchise Agreement.
The Principal's obligations include ensuring the accuracy of all representations made by the Certified Technician in connection with the Franchise Agreement. This means that the Principal is vouching for the truthfulness and completeness of the information provided by the Certified Technician, both at the time the agreement is made and when the Principal signs the Guaranty.
Furthermore, the Principal acknowledges being included in the definition of "Principal" as described in the document. This acknowledgment reinforces the Principal's understanding of their role and responsibilities under the Guaranty, ensuring they are fully aware of their obligations to Bumper Man.