For a City Wide franchise, are spouses or domestic partners of principals, owners, or stockholders required to provide a guaranty, and if so, what kind?

According to City Wide's 2025 Franchise Disclosure Document, spouses or domestic partners of principals, owners, or stockholders are required to provide a guaranty. Specifically, they must provide a conditional guaranty of payment, the form of which is attached to the Franchise Agreement as Attachment A-2.

This requirement means that the financial obligations of the City Wide franchisee may extend to the assets of their spouse or domestic partner. The "conditional" nature of the guaranty suggests that it may not be an absolute guarantee of all obligations, but rather is limited in some way, as detailed in Attachment A-2.

A prospective City Wide franchisee should carefully review Attachment A-2 to understand the specific conditions and limitations of the spousal or domestic partner guaranty. They should also seek legal counsel to fully understand the implications of signing such a document, as it could expose their personal assets to risk in the event the franchise fails to meet its financial obligations.