What representation does each Guarantor make regarding their marital status in the Cicis Guaranty?

According to the 2025 Cicis Franchise Disclosure Document, each guarantor must represent their marital status. Specifically, if the guarantor's spouse does not sign the Guaranty, the guarantor represents and warrants that they are either not married or, if married, reside in a state that does not require spousal consent to encumber marital assets.

This representation is crucial because it affects the enforceability of the Guaranty. If a guarantor falsely represents their marital status, it could potentially invalidate the Guaranty, making it more difficult for Cicis to recover any losses if the franchisee defaults on their obligations. This also protects the spouse's separate property from being subject to the guaranty.

For a prospective Cicis franchisee, this means carefully reviewing the Guaranty and accurately representing their marital status. If married, they should understand their state's laws regarding marital property and spousal consent. If necessary, they should consult with an attorney to ensure they are complying with all applicable legal requirements. Cicis requires this to ensure that the assets of the guarantor are fully available should the franchisee default.