Is the personal guarantee for a C3 Wellness Spa franchise considered continuing and irrevocable?

Based on the 2024 Franchise Disclosure Document, the provided excerpts do not contain specific information regarding whether the personal guarantee for a C3 Wellness Spa franchise is considered continuing and irrevocable. The excerpts do mention individual guaranty agreements that Franchisee's Owners and their Spouses must agree to, sign, and deliver to Franchisor within 30 days of the date of delivery by Franchisor to Franchisee. These agreements guarantee the full and complete performance of the Renewal Franchise Agreement, including payment obligations, non-compete obligations, and restrictive covenants. This is in relation to the renewal of the franchise agreement.

However, the details about the terms of the personal guarantee, specifically whether it is continuing (i.e., extends beyond the initial term) and irrevocable (i.e., cannot be canceled or terminated under certain conditions), are not detailed in the provided excerpts. This information is crucial for prospective franchisees to understand their long-term liabilities and obligations.

A prospective C3 Wellness Spa franchisee should seek clarification from the franchisor regarding the specific terms of the personal guarantee. This includes confirming whether the guarantee is continuing and irrevocable, under what conditions the guarantee can be terminated, and what events would trigger the guarantee. Understanding these aspects is essential for assessing the financial risks associated with the franchise.