What is the condition for electronic signatures to be deemed valid under the Zoomin Groomin Personal Guaranty?
Zoomin_Groomin Franchise · 2025 FDDAnswer from 2025 FDD Document
| 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 |
Source: Item 9 — 01. Financial Statements and Exhibits. (FDD pages 68–156)
What This Means (2025 FDD)
According to Zoomin Groomin's 2025 Franchise Disclosure Document, electronic signatures on the Personal Guaranty are considered valid if they comply with the Electronic Signatures in Global and National Commerce Act (E-Sign Act) and the Uniform Electronic Transaction Act (UETA). This means that an electronic signature has the same legal standing as a signature physically executed with ink, provided it adheres to these laws.
For a prospective Zoomin Groomin franchisee, this clause simplifies the signing process, allowing for remote and faster execution of the guaranty. It eliminates the need for physical paperwork and in-person signing, streamlining the legal formalities.
However, franchisees should be aware that compliance with the E-Sign Act and UETA is crucial. This typically involves ensuring that the signatory has the intent to sign, provides consent to conduct transactions electronically, and that a reliable method is used to associate the signature with the record. Zoomin Groomin may have specific requirements or preferred platforms for electronic signatures to ensure compliance, which franchisees should clarify before signing.
It is also important to note that the Personal Guaranty itself has a limit of $250,000, except for damages resulting from willful wrongdoing like trademark infringement or liquidated monies owed. This guaranty remains in effect throughout the term of the franchise agreement, including any renewals or extensions, and cannot be altered or superseded by subsequent agreements or credit applications.