What exhibit contains the personal guaranty form for an Endless Summer Sweets franchise?
Endless_Summer_Sweets Franchise · 2024 FDDAnswer from 2024 FDD Document
EXHIBIT 3 TO THE
ENDLESS SUMMER SWEETS FRANCHISE AGREEMENT
GUARANTY AND NON-COMPETE AGREEMENT
This Guaranty and Non-Compete Agreement (this "Guaranty") is executed by the undersigned person(s) (each, a "Guarantor") in favor of Endless Summer Sweets Franchising, Inc. , a California Limited Liability Company ("Franchisor" ).
Source: Item 23 — RECEIPTS (FDD pages 39–125)
What This Means (2024 FDD)
According to the 2024 Endless Summer Sweets FDD, the personal guaranty form is included as Exhibit 3 to the Endless Summer Sweets Franchise Agreement. This exhibit is titled "Guaranty and Non-Compete Agreement."
This agreement is executed by the guarantor in favor of Endless Summer Sweets Franchising, Inc. The guarantor's obligations ensure that the franchisee adheres to the terms of the franchise agreement. It also contains non-compete clauses that restrict the guarantor from engaging in competitive activities during and after the franchise term.
Prospective franchisees should carefully review Exhibit 3 with their legal counsel to fully understand the obligations and restrictions imposed by the Guaranty and Non-Compete Agreement. This will help them assess the personal risks and commitments associated with guaranteeing the Endless Summer Sweets franchise.