What agreement is contained in Attachment A to the Franchise Agreement for City Wide?
City_Wide Franchise · 2025 FDDAnswer from 2025 FDD Document
Any partner of yours that is a partnership; each shareholder, director, and officer of yours that is a corporation; and each member of a Franchisee that is a limited liability company must sign an agreement guaranteeing Franchisee's obligations under the Franchise Agreement (See Section 12.3 of the Franchise Agreement and Attachment A to the Franchise Agreement). Each partner, shareholder, director, officer, or member of a Franchisee and, if applicable, any spouses or domestic partners of each partner, shareholder, director, officer, or member of Franchisee and Manager must sign the Non-Compete Agreement contained in the Franchise Agreement.
Source: Item 15 — OBLIGATION TO PARTICIPATE IN THE ACTUAL OPERATION OF THE FRANCHISE BUSINESS (FDD page 43)
What This Means (2025 FDD)
According to City Wide's 2025 Franchise Disclosure Document, Attachment A to the Franchise Agreement is the Guaranty and Assumption of Obligations. This agreement must be signed by any partner, shareholder, director, officer, or member of the franchisee entity.
The purpose of this agreement is to ensure that these individuals personally guarantee the franchisee's obligations under the Franchise Agreement. This means that they are legally responsible for ensuring the franchisee complies with all terms and conditions outlined in the agreement.
Additionally, if a full-time manager is appointed to oversee the daily operations of the City Wide franchise, they must also sign the Guaranty and Assumption of Obligations. This further reinforces the commitment to upholding the standards and requirements set forth by City Wide. This requirement ensures City Wide can hold the manager accountable for the franchise's performance and adherence to the franchise agreement.