What notices and demands are waived by the Guarantor in the Kidokinetics Franchisee's Personal Guaranty?
Kidokinetics Franchise · 2024 FDDAnswer from 2024 FDD Document
AGREEMENT ATTACHMENT E
FRANCHISEE'S PERSONAL GUARANTY
| This Franchisee's Personal Guaranty and Covenant (this "Guaranty") is given by each of the |
|---|
| undersigned (each, a "Guarantor") on [], 20 to Kidokinetics Franchise LLC, a Florida |
| limited liability company ("Franchisor"), in order to induce Franchisor to enter into that certain Franchisor |
| Agreement dated of even date herewith (the "Franchise Agreement") with, |
Source: Item 22 — CONTRACTS (FDD page 59)
What This Means (2024 FDD)
I am unable to provide information on the specific notices and demands waived by the Guarantor in the Kidokinetics Franchisee's Personal Guaranty, according to the 2024 Franchise Disclosure Document. While the document mentions the "Franchisee's Personal Guaranty and Covenant," it does not detail the specific waivers included within that agreement.
Item 22 discusses various aspects of the franchise agreement and related contracts, such as covenants, breach protocols, and confidentiality. However, it does not elaborate on the specifics of the personal guaranty.
A prospective Kidokinetics franchisee should carefully review the full Franchisee's Personal Guaranty and Covenant agreement, seeking legal counsel to fully understand the obligations and waivers involved. It would be prudent to ask the franchisor for a complete copy of the Personal Guaranty agreement and clarification on the specific notices and demands that the guarantor waives.