On the Learningrx FDD receipt, how many guarantor signature lines are provided?
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) |
ATTACHMENT VI TO FRANCHISE AGREEMENT
ADDENDUM (RE CONSENT TO TRANSFER for SBA) REL
Source: Item 23 — RECEIPT (FDD pages 54–209)
What This Means (2025 FDD)
According to the 2025 Learningrx Franchise Disclosure Document, the receipt includes multiple signature lines for guarantors. One version of the receipt provides 12 signature lines, each accompanied by a space for the typed or printed name of the guarantor. Another version of the receipt provides 9 signature lines, each accompanied by a space for the guarantor's percentage of ownership of the franchisee and a space for the typed or printed name of the guarantor.
These signature lines are intended for individuals who are guaranteeing the franchisee's obligations under the franchise agreement. This is a common practice in franchising, especially when the franchisee is a corporate entity or has limited personal assets. The guarantor essentially promises to be responsible for the franchisee's debts and other obligations if the franchisee fails to meet them.
A prospective Learningrx franchisee should carefully review the guaranty agreement and understand the full extent of their obligations as a guarantor. They should also seek legal advice to ensure they are fully aware of the risks involved before signing any documents.