What happens if a Guarantor does not physically execute their signature for the Zoomin Groomin Guaranty?
Zoomin_Groomin Franchise · 2025 FDDAnswer from 2025 FDD Document
| ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | -- | |
|---|---|---|---|
| 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. |
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, an electronic signature is considered valid. The document states that using an electronic signature signifies the intent to be bound by the terms of the Guaranty, holding the same legal weight as a physically executed signature. This is consistent with the Electronic Signatures in Global and National Commerce Act and the Uniform Electronic Transaction Act.
This means that a Guarantor for a Zoomin Groomin franchise agreement does not necessarily need to sign a physical document with traditional ink. An electronic signature is sufficient, provided it complies with the relevant laws governing electronic transactions. This offers flexibility and convenience in the signing process, as documents can be signed and exchanged electronically, regardless of the physical location of the parties involved.
However, it's important for prospective Zoomin Groomin franchisees and their guarantors to understand the implications of the Guaranty, regardless of the signature method. The guaranty will not exceed $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. The Guarantor also consents to and waives notice of any modification, amendment or extension of the terms of any Agreement between Franchisor and Beneficiary.