What is Deer Solution's reliance on the agreement signed by the individual?
Deer_Solution Franchise · 2025 FDDAnswer from 2025 FDD Document
WHEREAS, you acknowledge that this Agreement will apply to you individually, jointly, and severally with all others who sign this Agreement (including if this Agreement is signed in counterparts or electronically among other Owners and Spouses);
WHEREAS, you acknowledge that this Agreement, among other things, personally obligates you to guarantee Franchisee's obligations to us and obligates you to brand protection, confidentiality and noncompetition restrictions and covenants and that you enter into this Agreement to induce us to enter into the Franchise Agreement with Franchisee; and
WHEREAS, you acknowledge that we are relying on this Agreement and that without this Agreement we would not have entered into and/or would not be simultaneously entering into the Franchise Agreement with Franchisee.
Source: Item 23 — RECEIPTS (FDD pages 55–246)
What This Means (2025 FDD)
According to Deer Solution's 2025 Franchise Disclosure Document, Deer Solution Franchising LLC relies heavily on the Franchise Owner and Spouse Agreement and Individual Guaranty. Deer Solution requires this agreement to be signed by individuals who are either owners of the franchisee or the spouses of owners. This agreement ensures that these individuals are personally obligated to guarantee the franchisee's obligations to Deer Solution.
The document states that Deer Solution would not enter into a Franchise Agreement without this individual agreement in place. This highlights the importance Deer Solution places on securing personal guarantees and commitments from the franchisee's owners and their spouses. These individuals also commit to brand protection, confidentiality, and noncompetition restrictions.
By signing the Franchise Owner and Spouse Agreement and Individual Guaranty, the individual acknowledges that they have thoroughly reviewed the Franchise Agreement and have been advised to seek legal counsel. This agreement applies to the individual jointly and severally with all other signatories, reinforcing the personal responsibility each individual assumes. The recitals and representations within the agreement are considered a material part of the contract, further emphasizing their significance.