What is the 'Franchisor Group' as defined in the Dollar Rent A Car General Release?
Dollar_Rent_A_Car Franchise · 2025 FDDAnswer from 2025 FDD Document
a 23219 (804) 786-2042 | | MICHIGAN Department of Attorney General Franchise Section 525 W. Ottawa Street P.O. Box 30213 Lansing, Michigan 48909 (517) 335-7571 | WASHINGTON Department of Financial Institutions Division of Securities 150 Israel Road SW Tumwater, Washington 98501 (360) 902-8760 |
ATTACHMENT G TO FRANCHISE AGREEMENT FORM OF PERSONAL GUARANTY AGREEMENT
FOR VALUE RECEIVED, and in consideration of any financial accommodation at any time made or given to [FRANCHISEE] ("Debtor"), by [HERTZ SYSTEM, INC. / DOLLAR RENT A CAR, INC. / THRIFTY RENT-A-CAR SYSTEM, LLC] or an Affiliate (collectively referred to herein as "Franchisor"), and to induce Franchisor to enter into the Franchise Agreement dated [Date] (the "Franchise Agreement") between Debtor and Franchisor, the undersigned, whether one or more, as a primary obligor hereby, jointly and severally, guarantees Debtor's full and prompt payment and performance when due of all of the following of Debtor's liabilities (collectively the "Indebtedness"): (i) all of Debtor's obligations and liabilities, now existing or later arising, of every kind and nature under the Franchise Agreement and any other present or future agreements between Debtor or its Affiliates and Franchisor and all of thei
Source: Item 23 — RECEIPTS (FDD pages 102–301)
What This Means (2025 FDD)
Based on the 2025 Franchise Disclosure Document, the term 'Franchisor' in the context of the Personal Guaranty Agreement for Dollar Rent A Car refers collectively to Dollar Rent A Car, Inc. or an Affiliate. This definition is relevant when a franchisee (referred to as "Debtor" in the agreement) receives any financial accommodation from Dollar Rent A Car or its affiliates.
Specifically, the guarantor is guaranteeing the Debtor's obligations to both Dollar Rent A Car, Inc. and any of its affiliates. This means that the financial obligations extend beyond just the direct dealings with the named franchisor and include any related companies.
For a prospective Dollar Rent A Car franchisee, this definition is important because any financial agreements or obligations the franchisee has with Dollar Rent A Car or its affiliates are covered under the Personal Guaranty Agreement. This agreement ensures that the franchisee's debts and liabilities to the Franchisor and its affiliates are guaranteed, adding a layer of financial security for Dollar Rent A Car.