factual

Where is the form of Guaranty Agreement for Mr. Sandless located?

Mr_Sandless Franchise · 2025 FDD

Answer from 2025 FDD Document

ATTACHMENT 3 TO

MR. SANDLESS FRANCHISE LLC SINGLE UNIT FRANCHISE AGREEMENT

GUARANTY AGREEMENT

Source: Item 15 — OBLIGATION TO PARTICIPATE IN THE ACTUAL OPERATION OF THE FRANCHISE BUSINESS (FDD pages 29–30)

What This Means (2025 FDD)

According to Mr. Sandless's 2025 Franchise Disclosure Document, the Guaranty Agreement is included as Attachment 3 to the Single Unit Franchise Agreement. This means that the agreement is a separate document physically attached to the main franchise agreement.

This agreement is significant because it outlines the terms under which a guarantor (typically a shareholder, member, or manager) agrees to be responsible for the franchisee's obligations. This is particularly relevant if the franchisee is a corporation or limited liability company. The guarantor essentially promises to cover the franchisee's debts and ensure compliance with the franchise agreement.

For a prospective Mr. Sandless franchisee, it's crucial to carefully review the Guaranty Agreement to understand the full extent of the guarantor's responsibilities and liabilities. If the franchisee is a business entity, all relevant parties (shareholders, members, managers) will likely need to sign this agreement, making them personally liable for the franchise's performance. Attachment 3 should be reviewed carefully to understand the obligations.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.