What date format is used for the Guaranty and Assumption of Obligations document for Focalpoint Coaching?
Focalpoint_Coaching Franchise · 2025 FDDAnswer from 2025 FDD Document
| THIS GUARANTY AND ASSUMPTION OF OBLIGATIONS is given this day of , 20 |
|---|
| By (list each guarantor): |
| In consideration of, and as an inducement to, the execution of that certain Franchise |
| Agreement (the "Agreement") on this date by FOCALPOINT COACHING, INC., a Nevada |
| corporation ("us," "we," or "our"), each of the undersigned personally and unconditionally |
| (a) |
| guarantees to us and our successors and assigns, for the term of the Agreement (including |
| extensions) |
| and |
| afterward |
| as |
| provided |
| in |
| the |
| Agreement, |
| that |
| ("Franchisee") will punctually pay and perform each and |
| every undertaking, agreement, and covenant set forth in the Agreement (including any |
| amendments or modifications of the Agreement) and (b) |
| agrees to be personally bound by, and |
| personally liable for the breach of, each and every provision in the Agreement (including any |
| amendments or modifications of the Agreement), both monetary obligations and obligations to |
| take or refrain from taking specific actions or to engage or refrain from engaging in specific |
| activities, including the non-competition, confidentiality, transfer, and arbitration requirements. |
Source: Item 22 — Contracts (FDD pages 56–57)
What This Means (2025 FDD)
According to Focalpoint Coaching's 2025 Franchise Disclosure Document, the Guaranty and Assumption of Obligations document uses a format where the day is written, followed by "day of", then a blank space, and then the year. For example, it would appear as "THIS GUARANTY AND ASSUMPTION OF OBLIGATIONS is given this day of , 20".
This means that the franchisee or guarantor would need to fill in the specific day when signing the document. This format is less specific compared to other date formats that include the month, day, and year. It is important to note that the month is missing from this format.
Prospective Focalpoint Coaching franchisees should pay close attention to this when completing the document to ensure it is filled out correctly. It is advisable to confirm the correct way to fill out the date with Focalpoint Coaching to avoid any potential issues or misunderstandings later on.