What does the Fat Shack FDD receipt indicate about the guarantor's acknowledgement of executing the guarantee?
Fat_Shack Franchise · 2025 FDDAnswer from 2025 FDD Document
| I HEREBY CERTIFY THAT: |
|---|
| 1. |
| (guarantor's name) |
| , the guarantor in the guarantee dated made between |
| and, which this certificate is attached to or noted on, |
| appeared in person before me and acknowledged that he/she had executed the guarantee. |
| 2. I satisfied myself by examination of the guarantor that he/she is aware of the contents of the guarantee |
| and understands it. |
| CERTIFIED by |
| (print name) |
| , Barrister and Solicitor at the of, in the |
| Province of Alberta, this day of, 20 |
| Signature |
| STATEMENT OF GUARANTOR |
| I am the person named in this certificate. |
| Signature of Guarantor |
Source: Item 23 — Receipts (FDD pages 53–223)
What This Means (2025 FDD)
According to the 2025 Fat Shack FDD, the receipt includes a certification where the guarantor acknowledges executing the guarantee in person before a Barrister and Solicitor in the Province of Alberta. The Barrister and Solicitor also certifies that they have examined the guarantor to ensure they are aware of the guarantee's contents and understand it. The guarantor must also sign a statement confirming they are the person named in the certificate.
This process is designed to ensure that the guarantor fully understands the obligations they are undertaking by guaranteeing the franchisee's performance. It aims to prevent future disputes by verifying that the guarantor is informed and aware of the financial and legal responsibilities they are assuming.
For a prospective Fat Shack franchisee, this means that any individual acting as a guarantor will need to appear in person before a legal professional to formally acknowledge their understanding and acceptance of the guarantee. This requirement adds a layer of legal protection for Fat Shack, ensuring that guarantors are fully aware of their obligations.