How many Guarantor signature lines are provided in the Zoomin Groomin 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, the Guaranty provides signature lines for two guarantors. Each guarantor has a designated space to provide their signature, printed name, and the date of signing.
This is a standard practice in franchising where the franchisor seeks additional security, especially when the franchisee is a business entity. By having individual guarantors, Zoomin Groomin aims to ensure that there are individuals personally liable for the franchisee's obligations under the franchise agreement.
The document also specifies that the guaranty will not exceed $250,000, except for damages resulting from willful wrongdoing, such as trademark infringement, or liquidated monies owed. This limit provides some clarity to the guarantors regarding the extent of their potential liability. The guaranty remains in effect throughout the term of the franchise agreement, including any renewals or extensions, and subsequent agreements or credit applications will not alter or supersede the original guaranty.
Zoomin Groomin also states that electronic signatures are considered valid, aligning with the Electronic Signatures in Global and National Commerce Act (E-Sign Act) and the Uniform Electronic Transaction Act (UETA). This allows for flexibility in the signing process, as guarantors can affix their signatures electronically with the same legal effect as a physical signature.