What is Exhibit 1 of the Mrcool Franchise Agreement?
Mrcool Franchise · 2025 FDDAnswer from 2025 FDD Document
- "Franchise Owner and Spouse Agreement and Guaranty" refers to and means the form of agreement attached to this Agreement as Exhibit 1.
Source: Item 23 — RECEIPTS (FDD pages 55–263)
What This Means (2025 FDD)
According to Mrcool's 2025 Franchise Disclosure Document, Exhibit 1 of the Franchise Agreement is the 'Franchise Owner and Spouse Agreement and Guaranty'. This agreement is entered into individually by the owner of the franchise.
The Franchise Owner and Spouse Agreement and Guaranty states that the franchisee agrees that Mrcool has developed a distinctive and proprietary system for the operation of a MRCOOL Center. This center is a warehouse distribution center that distributes MRCOOL branded heating, ventilation, and air conditioning (HVAC) products. It also provides HVAC installation services, HVAC equipment servicing, and other products and services authorized by Mrcool under the Licensed Marks.
The document also states that the franchisee has thoroughly reviewed the Franchise Agreement, including all attached Schedules and Exhibits. Mrcool recommends that the franchisee review the Franchise Agreement, the Franchise Owner and Spouse Agreement and Guaranty, and all exhibits and schedules with a lawyer selected and hired by the franchisee.