What is the date format for the Guaranty Agreement mentioned in the Mr. Sandless FDD?
Mr_Sandless Franchise · 2025 FDDAnswer from 2025 FDD Document
| WHEREAS, a Guaranty Agreement dated, 20 is being entered into between |
|---|
| Mr. Sandless Franchise LLC ("Franchisor") and |
| ("Guarantor"), |
| whereunder |
| Guarantor has guaranteed the obligations of a corporate, limited partnership or limited liability company |
| franchisee to Franchisor, and |
| WHEREAS, Franchisor and Guarantor desire to clarify the relationship between them. |
| NOW, THEREFORE, Guarantor acknowledges that Guarantor has conducted an independent |
| investigation of the Mr. Sandless Franchise LLC franchise program and recognizes that the business venture |
| contemplated by the franchisee involves business risk and success will be largely dependent upon the ability |
| of the franchisee, Guarantor and other persons with an interest in the franchise as independent business |
| persons. |
| Franchisor expressly denies the making of, and Guarantor acknowledges not receiving, any |
| guaranty or warranty, express or implied, nor any representation as to the potential volume, profits or |
| success of the business venture contemplated by the Franchise Agreement. Guarantor further represents |
| that Guarantor is not a party to any agreement which might interfere with the performance required of |
| persons with an interest in the franchise under the Mr. Sandless Franchise LLC's Single Unit Franchise |
| Agreement, and that entering into such agreement shall not in any way interfere with or constitute a breach |
| of any prior to existing contract to which Guarantor is a party. |
| Guarantor |
Source: Item 22 — CONTRACTS (FDD page 42)
What This Means (2025 FDD)
According to Mr. Sandless's 2025 Franchise Disclosure Document, the Guaranty Agreement includes a date field with a specific format. The agreement starts with the phrase "WHEREAS, a Guaranty Agreement dated, 20 is being entered into..." This indicates that the date format requires the day of the month, followed by a comma, and then the year, with the last two digits of the year being explicitly specified.
This format is used to establish the effective date of the Guaranty Agreement, which is a legally binding document. The guarantor's obligations are tied to this date, as it signifies when the guarantee becomes active. The guarantor must acknowledge that they have conducted an independent investigation of the Mr. Sandless franchise program.
Prospective Mr. Sandless franchisees should pay close attention to this date when reviewing and signing the Guaranty Agreement. Ensuring the date is correctly entered is crucial for the agreement's validity and enforceability. Franchisees should also understand the implications of guaranteeing the obligations, commitments, and payments required of them in the Franchise Agreement.