factual

Where can I find the Guarantee and Assumption of Obligations form for Canopy Lawn Care?

Canopy_Lawn_Care Franchise · 2025 FDD

Answer from 2025 FDD Document

No security interest is required and no person other than you and, if you are an entity, those individuals who are required to sign the form Guarantee and Assumption of Obligations attached as Attachment B to the Franchise Agreement, must sign the Note.

Source: Item 10 — FINANCING (FDD pages 30–32)

What This Means (2025 FDD)

According to Canopy Lawn Care's 2025 Franchise Disclosure Document, the Guarantee and Assumption of Obligations form is included as Attachment B to the Franchise Agreement. This form is relevant if Canopy Lawn Care offers direct financing to a franchisee and the franchisee is an entity. In that case, individuals associated with the franchisee entity who are required to sign the Guarantee and Assumption of Obligations form must also sign the Promissory Note if financing is accepted.

This requirement ensures that individuals with a vested interest in the franchisee entity are personally liable for the financial obligations undertaken. This is a common practice in franchising, as it provides the franchisor with additional security and recourse in the event of default.

Prospective Canopy Lawn Care franchisees should carefully review Attachment B and understand the implications of signing the Guarantee and Assumption of Obligations form, especially if they plan to operate their franchise through a business entity and seek financing from Canopy Lawn Care. They should also consult with legal and financial advisors to assess the risks and obligations associated with providing a personal guarantee.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.