What attachment contains the personal guaranty form for a Crave Cookies franchise?
Crave_Cookies Franchise · 2025 FDDAnswer from 2025 FDD Document
Attachment 3 to Franchise Agreement
GUARANTY AND NON-COMPETE AGREEMENT
This Guaranty and Non-Compete Agreement (this "Guaranty") is executed by the undersigned person(s) (each, a "Guarantor") in favor of Crave Cookies Franchising, LLC, a Utah limited liability company ("Crave Cookies Franchising").
Source: Item 22 — CONTRACTS (FDD page 47)
What This Means (2025 FDD)
According to the 2025 Crave Cookies Franchise Disclosure Document, the personal guaranty form is included as Attachment 3 to the Franchise Agreement. This attachment is titled "GUARANTY AND NON-COMPETE AGREEMENT." The agreement is executed by the guarantor in favor of Crave Cookies Franchising, LLC.
This means that if you are required to provide a personal guaranty as part of your Crave Cookies franchise agreement, you will find the specific terms and conditions in Attachment 3. This document likely outlines the extent of your personal liability for the franchise's obligations and includes a non-compete clause.
Prospective franchisees should carefully review Attachment 3 with legal counsel to fully understand their obligations and potential liabilities under the guaranty and non-compete agreement. Understanding the terms of the guaranty is crucial, as it can have significant financial implications for the guarantor.