Which exhibit to the Clear Pest Pros Franchise Agreement outlines the Personal Guaranty?
Clear_Pest_Pros Franchise · 2025 FDDAnswer from 2025 FDD Document
Exhibit A-3 – Personal Guaranty and Guaranty of Spouses
Source: Item 9 — FRANCHISEE'S OBLIGATIONS (FDD pages 37–38)
What This Means (2025 FDD)
According to Clear Pest Pros' 2025 Franchise Disclosure Document, Exhibit A-3 outlines the Personal Guaranty and Guaranty of Spouses. This exhibit is part of Item 22, which lists all contracts associated with the franchise agreement.
This means that prospective franchisees should carefully review Exhibit A-3 to understand the full extent of their personal liability. The personal guaranty typically requires the franchisee (and potentially their spouse) to be personally responsible for the financial obligations and performance of the franchise, even if the franchise is owned by a corporation or LLC.
It is important for potential Clear Pest Pros franchisees to seek legal counsel to fully understand the implications of signing a personal guaranty, as it can have significant financial consequences. Franchisees should pay close attention to the conditions under which the guaranty can be enforced and any limitations on their liability.