What is the purpose of the Guaranty and Assumption of Obligations for Canine Dimensions?

According to Canine Dimensions's 2025 Franchise Disclosure Document, Schedule D outlines the 'Guaranty and Assumption of Obligations.' While the FDD references this schedule, it does not provide the specific details or purpose of this guarantee.

Without the full text of Schedule D, it's unclear what obligations are being guaranteed or assumed, or who is providing the guarantee. Typically, such a guarantee is used when the franchisee is a business entity (like a corporation or LLC) rather than an individual. In those cases, the franchisor often requires the owner(s) of the entity to personally guarantee the entity's obligations under the Franchise Agreement. This makes the owner(s) personally liable if the business fails to meet its financial or contractual responsibilities.

A prospective Canine Dimensions franchisee should carefully review Schedule D of the Franchise Agreement to understand the full scope of the obligations being guaranteed, and who is required to provide the guarantee. They should consult with a legal professional to fully understand the implications before signing the agreement.