What does the Guaranty and Assumption of Obligations guarantee for Canine Dimensions franchisees?

According to Canine Dimensions' 2025 Franchise Disclosure Document, each owner of an interest in the franchisee entity must execute and return to the franchisor a "Guaranty and Assumption of Obligations," as detailed in Schedule D of the franchise agreement.

This requirement ensures that individuals with a financial stake in the Canine Dimensions franchise are personally bound to uphold the franchisee's obligations to the franchisor. This is a common practice in franchising, as it provides an additional layer of security for the franchisor, especially when the franchisee is a corporate entity or LLC. By having each owner sign the guaranty, Canine Dimensions can pursue individual owners for breaches of the franchise agreement, not just the business entity itself.

Prospective franchisees should carefully review Schedule D and understand the full scope of the obligations they will be personally guaranteeing. This includes financial obligations, adherence to operational standards, and compliance with all terms outlined in the franchise agreement. Franchisees should consult with a legal professional to fully understand the implications of signing such a guarantee.