What agreement is included as Exhibit 1 to the Deer Solution Franchise Agreement?
Deer_Solution Franchise · 2025 FDDAnswer from 2025 FDD Document
| Exhibit 1 | Franchise Owner and Spouse Agreement and Guaranty |
|---|
Source: Item 22 — CONTRACTS (FDD pages 54–55)
What This Means (2025 FDD)
According to Deer Solution's 2025 Franchise Disclosure Document, Exhibit 1 to the Franchise Agreement is the Franchise Owner and Spouse Agreement and Guaranty. This agreement likely outlines the obligations and responsibilities of both the franchise owner and their spouse, if applicable, and includes a guaranty, which means they are personally guaranteeing the franchise's performance and financial obligations.
This is a fairly standard practice in franchising, particularly for smaller businesses where the franchisor wants to ensure that there is a personal commitment to the success of the franchise. The spouse's involvement and guarantee can provide an additional layer of security for Deer Solution.
Prospective franchisees should carefully review this agreement with legal counsel to fully understand the implications of the guaranty, as it could expose personal assets to risk if the franchise fails to meet its obligations. Franchisees should also understand the specific responsibilities outlined for both the owner and the spouse to ensure they are comfortable with the terms before signing the Franchise Agreement.