Where can the 'Guaranty and Assumption of Obligations' be found in the Focalpoint Coaching Franchise Agreement?
Focalpoint_Coaching Franchise · 2025 FDDAnswer from 2025 FDD Document
The franchisor is FocalPoint Coaching, Inc. ("we," "us," or "our"). "You" means the person to whom we grant a franchise. If you are a corporation, partnership, limited liability company, or other entity, your owners must sign our "Guaranty and Assumption of Obligations," which means that all of our Franchise Agreement's provisions (Exhibit B) also will apply to your owners. (See Item 15)
Source: Item 15 — Obligation to Participate in the Actual Operation of the Franchise Business (FDD page 42)
What This Means (2025 FDD)
According to Focalpoint Coaching's 2025 Franchise Disclosure Document, if a franchisee is a corporation, partnership, limited liability company, or other entity, the owners must sign the 'Guaranty and Assumption of Obligations.' This means that all provisions of the Franchise Agreement, which is included as Exhibit B to the FDD, will also apply to the owners of the franchisee entity. Item 1 of the FDD indicates that more information on this requirement can be found in Item 15 of the FDD.
In essence, this clause ensures that the franchisor, Focalpoint Coaching, can hold the owners of the franchisee business personally responsible for upholding the terms of the Franchise Agreement. This is a common practice in franchising, especially when dealing with business entities, as it provides an additional layer of security for the franchisor.
Prospective Focalpoint Coaching franchisees should carefully review Exhibit B and Item 15 of the FDD to fully understand the implications of the 'Guaranty and Assumption of Obligations.' They should also consult with a legal professional to assess their personal liability and obligations under this clause.