Can the Face Foundrie Guaranty, Indemnification, and Acknowledgment be cancelled or modified?

According to Face Foundrie's 2025 Franchise Disclosure Document, the Guaranty, Indemnification, and Acknowledgment agreement is designed to be a legally binding commitment. This agreement ensures that the franchisee's obligations to Face Foundrie are met. The document explicitly states that the Guaranty is unconditional, irrevocable, and absolute, underscoring the serious nature of the commitment.

Specifically, the FDD states that the Guaranty, Indemnification, and Acknowledgment may not be cancelled, terminated, modified, or amended unless both parties (Face Foundrie and the guarantor) agree to it in writing. This requirement for a written agreement from both parties provides a layer of protection for both Face Foundrie and the guarantor, ensuring that any changes are mutually agreed upon and documented.

This clause is typical in franchising, as franchisors seek assurance that franchisees will fulfill their financial and operational responsibilities. The guarantor is essentially vouching for the franchisee's ability to meet these obligations. Prospective Face Foundrie franchisees should carefully review this agreement with legal counsel to fully understand the scope of their obligations and the conditions under which the guaranty can be altered or terminated.