Does the Dryject Guaranty Agreement require the guarantor to obtain independent legal advice?
Dryject Franchise · 2025 FDDAnswer from 2025 FDD Document
Guarantor acknowledges that he or she has obtained independent legal advice before signing this Guaranty Agreement.
Source: Item 8 — BUSINESS RELATIONSHIP (FDD pages 68–229)
What This Means (2025 FDD)
According to Dryject's 2025 Franchise Disclosure Document, the Guaranty Agreement includes an acknowledgement by the guarantor that they have obtained independent legal advice before signing the agreement. This means that Dryject wants to ensure that anyone signing the Guaranty Agreement understands the legal implications and obligations they are undertaking.
For a prospective Dryject franchisee, this implies that if a guarantor is required for their franchise agreement (typically if the franchisee is a business entity), that guarantor should seek legal counsel before signing. This is to protect the guarantor's interests and ensure they are fully aware of their responsibilities, which may include covering the franchisee's debts and obligations to Dryject.
While Dryject acknowledges that the guarantor obtained legal advice, it is not a requirement to proceed with the agreement. It is highly recommended that the guarantor seeks legal counsel to fully understand the agreement they are signing.