Does Kitchen Solvers require a proposed assignee to sign an agreement?

Based on the 2025 Kitchen Solvers Franchise Disclosure Document, principal owners of a franchisee that is a corporation, partnership, or other entity must execute a form of undertaking and guarantee. These individuals are considered Personal Guarantors of the franchisee's obligations. Furthermore, any person or entity that becomes a principal owner of the franchisee after the agreement date must also execute this undertaking and guarantee as a condition of becoming a principal owner.

This requirement ensures that Kitchen Solvers has recourse against individuals with significant ownership in the franchise entity, holding them personally responsible for the franchise's obligations. This is a common practice in franchising to provide the franchisor with added security and commitment from the franchisee.

For a prospective Kitchen Solvers franchisee, this means that if you operate your franchise through a corporation, partnership, or other entity, you and any other principal owners will be required to sign a personal guarantee. This guarantee makes you personally liable for the financial and contractual obligations of the franchise. It is important to carefully review the terms of the guarantee with legal counsel to understand the full extent of your obligations and potential liabilities.