What exhibit number is the Guaranty for the Gold Star Franchise Agreement?
Gold_Star Franchise · 2025 FDDAnswer from 2025 FDD Document
Attached to this disclosure document are the following agreements proposed for use by Gold Star in this State regarding the offering of this Franchise:
Exhibit B Franchise Agreement (which includes a Guaranty as its Exhibit B).
EXHIBIT C TO FRANCHISE AGREEMENT
PERSONAL GUARANTY
Source: Item 22 — Contracts (FDD pages 52–53)
What This Means (2025 FDD)
According to Gold Star's 2025 Franchise Disclosure Document, the Guaranty for the Franchise Agreement is included as Exhibit B within the Franchise Agreement itself. Additionally, Exhibit C to the Franchise Agreement is the Personal Guaranty. This means that prospective franchisees should carefully review both Exhibit B and Exhibit C to understand the full scope of the guaranty requirements.
The inclusion of a guaranty as part of the franchise agreement is a common practice in franchising. It ensures that Gold Star has recourse to the personal assets of the franchisee or other guarantors if the franchise business fails to meet its financial obligations. This reduces Gold Star's risk and provides an additional layer of security.
Prospective Gold Star franchisees should pay close attention to the terms of the guaranty, including the scope of the obligations covered, the duration of the guaranty, and any limitations on liability. It is advisable to seek legal counsel to fully understand the implications of signing a personal guaranty.