What does affixing signatures in the space provided signify for the Zoomin Groomin Personal Guaranty?
Zoomin_Groomin Franchise · 2025 FDDAnswer from 2025 FDD Document
ce of a duty to Franchisor and is for consideration.
Governing Law and Survival.
The validity, construction and performance of this Assignment is governed by the laws of the State in which we are located. All our rights survive the termination, expiration or nonrenewal of the Agreement and inure to our benefit and to the benefit of our successors and assigns.
| FRANCHISEE: | FRANCHISOR: | |
|---|---|---|
| By: | By: | |
| Signature: | Signature: Date: | #### Schedule 4-Personal Guaranty |
| Guarantor 2(Signature) | Printed Name | Date | |
|---|---|---|---|
| Guarantor 1(Signature) | Printed Name | Date | |
| Electronic signatures will be deemed valid Use of an electronic signature will be National Commerce Act ("E-Sign Act"), Uniform Electronic Transaction Act signifies the intent to be bound to the terms space provided below. | having the same legal as if it were consistent with the Electronic Title 15, United States Code, Sections ("UETA") and any applicable state of this Guaranty by affixing | physically executed. Signatures in Global and 7001 et seq., the law. Each Guarantor their signatures in the | |
| This | |||
| Guaranty | |||
| will | |||
| not | |||
| exceed | |||
| two | |||
| hundred | |||
| and | |||
| fifty | |||
| thousand | |||
| dollars | |||
| ($250,000) | |||
| except | |||
| for | |||
| damages | |||
| from | |||
| willful | |||
| wrongdoing, | |||
| such | |||
| as | |||
| trademark | |||
| infringement, | |||
| or | |||
| liquidated | |||
| monies | |||
| owed, | |||
| such | |||
| as | |||
| past-due | |||
| amounts, | |||
| and | |||
| will | |||
| remain | |||
| in | |||
| force | |||
| throughout | |||
| the | |||
| term | |||
| of | |||
| the | |||
| Beneficiary's | |||
| franchise | |||
| agreement, | |||
| including | |||
| any | |||
| renewal | |||
| or | |||
| extension. | |||
| Subsequent | |||
| agreements | |||
| and | |||
| credit | |||
| applications | |||
| will | |||
| not | |||
| serve | |||
| to | |||
| alter, | |||
| supersede | |||
| or | |||
| otherwise | |||
| modify | |||
| this | |||
| Personal | |||
| Guaranty. | |||
| This Guaranty will be a continuing and the Beneficiary. The Guarantor will, to exemption, notice of acceptance, notice of protest, along with the right to require Franchisor Guarantor consents to and waives notice of of any Agreement between Franchisor and and use Consumer Reports from time to time current and ongoing creditworthiness. | irrevocable guaranty and indemnity the extent permitted by law, presentment, demand, non-payment, to proceed against the any modification, amendment or Beneficiary. Guarantor authorizes on the Guarantor for the sole | for indebtedness of waive the Homestead dishonor and Beneficiary. Furthermore, extension of the terms Franchisor to obtain purpose of evaluating | |
| In exchange for awarding certain franchise agreement, along with other valuable guarantee the payment of any money and the Franchisor. Therefore, each Guarantor will sum due to the Franchisor by the Beneficiary Guarantor furthe |
Source: Item 9 — 01. Financial Statements and Exhibits. (FDD pages 68–156)
What This Means (2025 FDD)
According to the 2025 Zoomin Groomin Franchise Disclosure Document, affixing signatures in the provided space signifies the intent to be bound to the terms of the Guaranty. The use of an electronic signature will be deemed valid and have the same legal effect as a physically executed signature, consistent with the Electronic Title 15, United States Code, Sections Global and 7001 et seq., the National Commerce Act (“E-Sign Act”), Uniform Electronic Transaction Act (“UETA”) and any applicable state law.
This Personal Guaranty will not exceed $250,000, except for damages resulting from willful wrongdoing, such as trademark infringement, or liquidated monies owed, such as past-due amounts. The guaranty remains in effect throughout the term of the Beneficiary's franchise agreement, including any renewal or extension. Subsequent agreements and credit applications will not alter, supersede, or modify this Personal Guaranty.
The Guaranty is a continuing and irrevocable guaranty and indemnity for indebtedness of the Beneficiary. The Guarantor waives certain rights, including presentment, demand, notice of non-payment, dishonor, notice of acceptance, notice of protest, the right to require the Franchisor to proceed against the Beneficiary, and Homestead exemption. Furthermore, the Guarantor consents to modifications or amendments of any agreement between the Franchisor and Beneficiary and authorizes the Franchisor to obtain and use Consumer Reports for evaluating current and ongoing creditworthiness.
In exchange for awarding certain franchise rights to the Beneficiary, the Guarantor(s) jointly and severally personally guarantee the payment of any money and performance of any obligation of the Beneficiary to the Franchisor. Each Guarantor will pay the Franchisor, on demand and without offset, any sum due to the Franchisor by the Beneficiary arising out of or related to the Franchise Agreement. The Guarantor will also pay all costs of collection, including reasonable attorney's fees.