factual

What do the Dryject enforcement costs include that the guarantor must reimburse?

Dryject Franchise · 2025 FDD

Answer from 2025 FDD Document

If Franchisor is required to enforce this Guaranty Agreement in any judicial or arbitration proceeding or on any appeals, Guarantor must reimburse Franchisor for its enforcement costs.

Enforcement costs include reasonable accountants', attorneys', attorneys' assistants', arbitrators', and expert witness fees, costs of investigation and proof of facts, court costs, filing fees, other litigation expenses and travel and living expenses, whether incurred prior to, in preparation for, or in contemplation of the filing of any written demand, claim, action, hearing or proceeding to enforce this Guaranty Agreement;

Source: Item 8 — BUSINESS RELATIONSHIP (FDD pages 68–229)

What This Means (2025 FDD)

According to the 2025 Dryject Franchise Disclosure Document, if Dryject is required to enforce the Guaranty Agreement in any judicial or arbitration proceeding or on any appeals, the guarantor must reimburse Dryject for its enforcement costs. These enforcement costs encompass a range of expenses.

Specifically, the enforcement costs include reasonable fees for accountants, attorneys, attorneys' assistants, arbitrators, and expert witnesses. It also covers costs related to the investigation and proof of facts, which can include expenses for gathering evidence and presenting it in court.

Furthermore, the guarantor is responsible for court costs, filing fees, other litigation expenses, and travel and living expenses. These costs can be incurred at any stage, whether prior to, in preparation for, or in contemplation of filing any written demand, claim, action, hearing, or proceeding to enforce the Guaranty Agreement. This means the guarantor's financial responsibility extends to all phases of the enforcement process, ensuring Dryject is fully compensated for its expenses.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.