According to the City Wide Spousal Guaranty, can it be amended verbally?
City_Wide Franchise · 2025 FDDAnswer from 2025 FDD Document
SECTION 6. Amendments, Etc. No amendment or waiver of any provision of this Guaranty nor consent to any departure by Spousal Guarantor therefrom will be effective unless it is in writing and signed by CITY WIDE. Any waiver or consent will be effective only in the specific instance and for the specific purpose for which given.
Source: Item 22 — CONTRACTS (FDD page 65)
What This Means (2025 FDD)
According to City Wide's 2025 Franchise Disclosure Document, the Spousal Guaranty cannot be amended verbally. Section 6 of the Spousal Guaranty states that any changes or waivers to the guaranty must be in writing and signed by City Wide to be considered effective. Furthermore, any waiver or consent applies only to the specific instance and purpose for which it is given.
This requirement for written amendments provides clarity and legal certainty for both the spousal guarantor and City Wide. It prevents misunderstandings or disputes that could arise from verbal agreements. It also ensures that any changes to the guaranty are properly documented and authorized by City Wide.
This type of clause is standard practice in franchising agreements to ensure that all parties are clear on their obligations and any changes to those obligations. Prospective City Wide franchisees should understand that any negotiations or agreements regarding the Spousal Guaranty must be documented in writing and signed by an authorized representative of City Wide to be legally binding.