Does the Guaranty and Assumption of Obligations for Focalpoint Coaching specify any geographic limitations on the guarantor's obligations?
Focalpoint_Coaching Franchise · 2025 FDDAnswer from 2025 FDD Document
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EXHIBIT F
STATE ADDENDA AND FRANCHISE AGREEMENT RIDERS
ADDITIONAL DISCLOSURES FOR THE MULTI-STATE FRANCHISE DISCLOSURE DOCUMENT OF FOCALPOINT COACHING, INC.
The following are additional disclosures for the Franchise Disclosure Document of FocalPoint Coaching, Inc. required by various state franchise laws. Each provision of these additional disclosures will not apply unless, with respect to that provision, the jurisdictional requirements of the applicable state franchise registration and disclosure law are met independently without reference to these additional disclosures.
CALIFORNIA
- The following paragraph is added at the end of Item 3 of the Disclosure Document:
Except as disclosed above, neither we nor any person identified in Item 2 is subject to any currently effective order of any national securities association or national securities exchange, as defined in the Securities and Exchange Act of 1934, 15 U.S.C.A. Section 78a et seq., suspending or expelling such person from membership in such association or exchange.
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- THE CALIFORNIA FRANCHISE INVESTMENT LAW REQUIRES THAT A COPY OF ALL PROPOSED AGREEMENTS RELATING TO THE SALE OF THE FRANCHISE BE DELIVERED TOGETHER WITH THE DISCLOSURE DOCUMENT.
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- OUR WEBSITE, www.focalpointcoaching.com, HAS NOT BEEN REVIEWED OR APPROVED BY THE CALIFORNIA DEPARTMENT OF FINANCIAL PROTECTION AND INNOVATION. ANY COMPLAINTS CONCERNING THE CONTENT OF THE WEBSITE MAY BE DIRECTED TO THE CALIFORNIA DEPARTMENT OF FINANCIAL PROTECTION AND INNOVATION AT www.dfpi.ca.gov.
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Source: Item 22 — Contracts (FDD pages 56–57)
What This Means (2025 FDD)
Based on the excerpts from Focalpoint Coaching's 2025 Franchise Disclosure Document, there is no explicit mention of geographic limitations within the Guaranty and Assumption of Obligations. However, several state-specific addenda modify the standard franchise agreement, potentially impacting the guarantor's obligations depending on the franchisee's location. For example, addenda for California, Minnesota, Illinois, North Dakota, Virginia, and Washington alter various aspects of the agreement, such as governing law, jurisdiction, and waivers. These modifications suggest that the guarantor's obligations could be indirectly affected by state laws.
Specifically, the addenda address issues like governing law, consent to jurisdiction, and limitations of claims, which could influence how the Guaranty and Assumption of Obligations is interpreted and enforced in different states. For instance, the Illinois addendum specifies that Illinois law applies to claims arising under the Illinois Franchise Disclosure Act, and disputes are subject to the jurisdiction of Illinois courts. Similarly, the North Dakota addendum modifies provisions related to governing law, jurisdiction, and limitations of claims to comply with North Dakota law.
Given the absence of a direct statement about geographic limitations in the provided excerpts, it is essential for prospective Focalpoint Coaching franchisees and their guarantors to carefully review the state-specific addenda applicable to their location. They should seek legal counsel to understand how these modifications might affect the scope and enforcement of the Guaranty and Assumption of Obligations. This review should clarify whether the guarantor's obligations are limited or expanded based on the specific state laws and regulations governing the franchise agreement.
In summary, while the FDD excerpts do not explicitly define geographic limitations within the Guaranty and Assumption of Obligations, the presence of state-specific addenda indicates that the guarantor's obligations may vary depending on the franchisee's location and the applicable state laws. A thorough review of these addenda and consultation with legal counsel are crucial for understanding the full extent of the guarantor's responsibilities.