factual

For Zoomin Groomin, what is the implication of a Guarantor affixing their signature in the provided space?

Zoomin_Groomin Franchise · 2025 FDD

Answer 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 Zoomin Groomin's 2025 Franchise Disclosure Document, a Guarantor's signature signifies their agreement to a personal guaranty, which is a binding contract where they guarantee the franchisee's obligations to Zoomin Groomin. This means the Guarantor is personally liable for the franchisee's debts and performance under the Franchise Agreement. The document specifies that this 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 personal guaranty remains in effect throughout the term of the Beneficiary's franchise agreement, including any renewals or extensions. Subsequent agreements and credit applications will not alter, supersede, or modify this Personal Guaranty. The Guarantor also waives certain rights, including the Homestead exemption, notice of acceptance, notice of dishonor, and the right to require Zoomin Groomin to proceed against the Beneficiary first.

By signing, the Guarantor consents to Zoomin Groomin obtaining and using Consumer Reports to evaluate their current and ongoing creditworthiness. The Guarantor is jointly and severally personally guaranteeing the payment of any money and performance of any obligation of the Beneficiary to Zoomin Groomin. The Guarantor will pay all costs of collection, including reasonable attorney's fees, if the franchisee fails to meet their financial obligations. This arrangement ensures that Zoomin Groomin has recourse to additional assets or income streams should the franchisee default, reducing the franchisor's financial risk.

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.
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