Does the Chocolate Bash Guaranty specify any financial thresholds that trigger the Guarantor's obligations?

Based on the 2024 Franchise Disclosure Document, the excerpts provided do not contain the full Guaranty agreement for Chocolate Bash. Therefore, it is not possible to determine whether the Guaranty specifies any financial thresholds that trigger the Guarantor's obligations. The excerpts do mention that if the franchisee is an entity, each owner must sign a personal guaranty of the franchisee's obligations to Chocolate Bash, in the form of Attachment 3.

To fully understand the obligations and potential financial liabilities, a prospective Chocolate Bash franchisee should carefully review Attachment 3, the Guaranty and Non-Compete Agreement, in its entirety. This document outlines the specific financial and legal responsibilities the guarantor undertakes.

Specifically, the franchisee should ask Chocolate Bash about what financial events or metrics trigger the obligations of the guarantor. For example, what specific monetary defaults or failures to meet financial benchmarks would cause the guarantor to become responsible for the franchisee's debts or other obligations to Chocolate Bash?