In the context of the Unlimited Guaranty and Assumption of Obligations, what document is referred to as the 'Franchise Agreement' for Monicals Pizza?
Monicals_Pizza Franchise · 2025 FDDAnswer from 2025 FDD Document
| THIS UNLIMITED GUARANTY AND ASSUMPTION OF OBLIGATIONS is given this day |
|---|
| of, 20 |
| , in connection with that certain Franchise Agreement of even date herewith (which Franchise |
| Agreement, as may have been modified, amended and/or supplemented in writing, is hereunder called the Franchise |
| Agreement) by and between Monical Pizza Corporation as "Franchisor" and |
| as "Franchisee". |
Source: Item 23 — RECEIPTS (FDD pages 46–257)
What This Means (2025 FDD)
According to Monicals Pizza's 2025 Franchise Disclosure Document, the Unlimited Guaranty and Assumption of Obligations is connected to a 'Franchise Agreement of even date herewith'. This Franchise Agreement may have been modified, amended, and/or supplemented in writing. The agreement is between Monical Pizza Corporation as the Franchisor and the franchisee.
This means that when someone provides an unlimited guarantee, they are guaranteeing the obligations outlined in the specific Franchise Agreement they signed with Monicals Pizza. This agreement, along with any written changes to it, is what the guarantor is responsible for ensuring is fulfilled.
For a prospective Monicals Pizza franchisee, this highlights the importance of carefully reviewing the Franchise Agreement and any related documents. Anyone signing an Unlimited Guaranty needs to understand exactly what obligations they are guaranteeing, as these obligations extend to the entire agreement and any written modifications made to it.