What is the implication if a Guarantor fails to provide the date on the Zoomin Groomin 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)
Based on the 2025 Zoomin Groomin Franchise Disclosure Document, the document includes a table that contains signature lines for two guarantors. The table includes spaces for the guarantor's signature, printed name, and date. The document states that by affixing their signatures in the space provided, each guarantor signifies their intent to be bound to the terms of the Guaranty. The document also states that electronic signatures will be deemed valid.
The document does not specifically state the implications of a guarantor failing to provide the date on the Zoomin Groomin Guaranty. However, the inclusion of a date field suggests that the date is a necessary component of the guaranty. Omitting the date could potentially affect the enforceability or interpretation of the guaranty agreement.
Without a date, it may be difficult to determine when the guaranty became effective or to resolve any disputes related to the timing of the obligations. A prospective Zoomin Groomin franchisee should consult with legal counsel to understand the potential implications of incomplete information on the guaranty and to ensure that all necessary information is accurately provided to avoid future complications.