factual

What exhibit contains the Guaranty and Assumption of Obligations for a Golden Krust Caribbean Restaurant franchise?

Golden_Krust_Caribbean_Restaurant Franchise · 2024 FDD

Answer from 2024 FDD Document

Exhibit C – Guaranty and Assumption of Obligations

Source: Item 22 — CONTRACTS (FDD page 35)

What This Means (2024 FDD)

According to the 2024 Golden Krust Caribbean Restaurant Franchise Disclosure Document, the Guaranty and Assumption of Obligations is found in Exhibit C. This exhibit is relevant if the franchisee is a corporation, limited liability company, or partnership. In such cases, the owners are required to execute an agreement that binds them jointly and severally to the obligations outlined in the Franchise Agreement and any related ancillary agreements. This means that each owner personally guarantees the franchisee's payment and performance under the agreement.

Disclaimer: This information is extracted from the 2024 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.