Is the Personal Guaranty included as an exhibit to the Cr3 American Exteriors Disclosure Document?
Cr3_American_Exteriors Franchise · 2025 FDDAnswer from 2025 FDD Document
The proposed agreements regarding this franchise offering are included as exhibits to this Disclosure Document as follows:
Exhibit B - Franchise Agreement
Schedule 1-Territory
Schedule 2-Minimum Requirements
Schedule 3-Automatic Bank Draft Authorization
Schedule 4-Telephone Number Assignment
Schedule 5 Personal Guaranty
Schedule 6-Release Schedule 7-Promissory Note
Source: Item 22 — CONTRACTS (FDD pages 52–53)
What This Means (2025 FDD)
According to the 2025 Cr3 American Exteriors Franchise Disclosure Document, the Personal Guaranty is included as an exhibit. Specifically, Item 22 lists the proposed agreements regarding the franchise offering that are included as exhibits to the disclosure document.
Exhibit B is the Franchise Agreement, and Schedule 5 is the Personal Guaranty. This means that a prospective Cr3 American Exteriors franchisee can review the terms of the Personal Guaranty before entering into a franchise agreement.
The inclusion of a personal guaranty is a common practice in franchising, especially for new franchisees or those operating through a corporate entity. It ensures that the franchisor has recourse to the franchisee's personal assets if the business fails to meet its financial obligations.