What exhibit contains the Guaranty and Assumption of Obligations for a Lees Famous Recipe franchise?

According to Lees Famous Recipe's 2025 Franchise Disclosure Document, Exhibit D contains the Guaranty and Assumption of Obligations. This exhibit is relevant if the franchisee plans to assign the Franchise Agreement to a corporation or limited liability company.

Specifically, if an individual franchisee wants to assign the agreement to a business entity they wholly own, they must ensure that they and all Principal Owners of the assignee entity sign the Guaranty attached as Exhibit D. This requirement ensures that the franchisor has recourse to the personal assets of the original franchisee and the principal owners of the new entity, providing an additional layer of security for Lees Famous Recipe.

This is a fairly standard practice in franchising, as franchisors want to ensure that the individuals who are ultimately responsible for the operation of the franchise are held accountable, even if the franchise is operated through a corporate entity. Prospective franchisees should carefully review Exhibit D and understand the obligations they will be undertaking if they choose to assign their Franchise Agreement to a corporation or limited liability company.