Where is the Guaranty and Assumption of Franchisee's Obligations located in the Learningrx Franchise Agreement?
Learningrx Franchise · 2025 FDDAnswer from 2025 FDD Document
out your obligations in these agreements and in other items of this disclosure document.**
| Obligation | Section in Franchise Agreement | Item in Disclosure Document |
|---|---|---|
| a. Site selection and acquisition/lease if any | Sections 8.02 & 10.2 | 11 |
| b. |
Source: Item 15 — OBLIGATION TO PARTICIPATE IN THE ACTUAL OPERATION OF THE FRANCHISE BUSINESS (FDD page 40)
What This Means (2025 FDD)
According to Learningrx's 2025 Franchise Disclosure Document, the Guaranty and Assumption of Franchisee’s Obligations is found in Section 2.03 and Attachment V of the Franchise Agreement. Item 15 of the Disclosure Document also relates to this obligation. Additionally, a separate Guaranty is located in Section 7.04 and Schedule B of the agreement, also referenced in Item 15.
This means that if you become a Learningrx franchisee, you (and potentially your spouse or domestic partner) must guarantee the financial and operational obligations outlined in the Franchise Agreement. Attachment V likely contains the specific form for this guarantee, which ensures Learningrx can seek recourse directly from the guarantor(s) if the franchise business fails to meet its contractual duties.
The inclusion of a separate Guaranty in Section 7.04 and Schedule B suggests there may be distinct guarantee requirements, possibly related to specific aspects of the franchise operation or financial performance. Prospective franchisees should carefully review both sections and attachments to understand the full scope of their personal liability and the conditions under which Learningrx can enforce these guarantees. It is advisable to consult with a legal professional to fully understand the implications of these clauses before signing the Franchise Agreement.