What is the consideration provided by the Guarantors for Dog Haus entering into the Franchise Agreement with the Franchisee?

According to Dog Haus's 2025 Franchise Disclosure Document, the Guarantors' consideration for Dog Haus entering into the Franchise Agreement with the Franchisee is the granting of a guarantee. Specifically, the Guarantors requested Dog Haus to enter into a Franchise Agreement with the Franchisee. In return for Dog Haus's execution of the Franchise Agreement, the Guarantors grant a guarantee. This guarantee serves as an inducement for Dog Haus to proceed with the Franchise Agreement.

In essence, the guarantee provided by the Guarantors assures Dog Haus that the Franchisee will fulfill their obligations under the Franchise Agreement. This reduces the risk for Dog Haus and encourages them to enter into the agreement with the Franchisee. The specifics of what the guarantee covers are not detailed in this excerpt but would likely be outlined in the full guarantee document.

For a prospective Dog Haus franchisee, this means that if they are required to have a guarantor, that guarantor is providing a legally binding promise to support the franchisee's obligations. The guarantor should fully understand the implications of this guarantee, as they are taking on a significant responsibility. The franchisee should also be aware of the requirements and responsibilities of their guarantor, as it could impact their franchise agreement.