In the Learningrx FDD receipt, what information is required next to the guarantor's signature?
Learningrx Franchise · 2025 FDDAnswer from 2025 FDD Document
her indulgence which Franchisor may from time-to-time grant to Franchisee or to any other person, including without limitation the acceptance of any partial payment or performance, or the compromise or release of any claims, none of which shall in any way modify or amend this guaranty, which shall be continuing and irrevocable during the term of the Agreement.
IN WITNESS WHEREOF, each of the undersigned has hereunto written his/her signature on the same day and year as the Agreement was executed.
| Guarantor(s): | |
|---|---|
| (Signature) | (Typed or Printed Name) |
| (Signature) | (Typed or Printed Name) |
| (Signature) | (Typed or Printed Name) |
| (Signature) | (Typed or Printed Name) |
| (Signature) | (Typed or Printed Name) |
| (Signature) | (Typed or Printed Name) |
| (Signature) | (Typed or Printed Name) |
| (Signature) | (Typed or Printed Name) |
| (Signature) | (Typed or Printed Name) |
Source: Item 23 — RECEIPT (FDD pages 54–209)
What This Means (2025 FDD)
According to the 2025 Learningrx Franchise Disclosure Document, the information required next to the guarantor's signature varies depending on the specific receipt form. One version of the receipt requires the guarantor's typed or printed name next to the signature. Another version requires both the guarantor's percentage of ownership in the franchise and their typed or printed name next to the signature.
For a prospective Learningrx franchisee, this means that if a guarantor is required for the franchise agreement, the exact information they must provide alongside their signature depends on which receipt form Learningrx uses. It is essential to carefully review the specific receipt included in the Franchise Agreement to ensure all required information is accurately provided.
The inclusion of ownership percentage alongside the signature suggests that Learningrx may require guarantors to disclose their stake in the franchisee's business. This information could be relevant for assessing the guarantor's commitment and potential liability.
It is important to note that the FDD includes multiple versions of the receipt, and the specific requirements may vary. Franchisees should clarify with Learningrx which receipt form applies to their agreement and what information is mandatory for the guarantor's signature to ensure compliance.