Who is the guarantor liable to under the Guaranty and Assumption of Obligations for Canine Dimensions?
Canine_Dimensions Franchise · 2025 FDDAnswer from 2025 FDD Document
SCHEDULE D
GUARANTY AND ASSUMPTION OF OBLIGATIONS
Source: Item 22 — CONTRACTS (FDD page 36)
What This Means (2025 FDD)
Based on the 2025 Franchise Disclosure Document, Schedule D refers to the Guaranty and Assumption of Obligations for Canine Dimensions. However, the document does not specify to whom the guarantor is liable under this agreement. The FDD excerpt only indicates the existence of this schedule but does not provide details about the specific obligations or the party to whom the guarantor is liable.
A prospective Canine Dimensions franchisee should carefully review Schedule D of the Franchise Agreement to understand the full scope of the guaranty. This includes identifying the specific party (likely Canine Dimensions Franchising, LLC) to whom the guarantor is liable and the extent of the financial or performance obligations being guaranteed.
It is essential to seek legal counsel to fully understand the implications of the Guaranty and Assumption of Obligations before signing the Franchise Agreement. This will ensure that the franchisee and any guarantor are fully aware of their responsibilities and potential liabilities.