Does the Zoomin Groomin Personal Guaranty require a signature from a guarantor?
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 |
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 Personal Guaranty does require a signature from the guarantor. The document includes a table with signature lines for up to two guarantors, along with spaces for their printed names and the date. The table specifies "Guarantor 1(Signature)" and "Guarantor 2(Signature)", indicating that a signature is a required component of the guaranty.
Furthermore, the FDD clarifies that electronic signatures are considered valid, provided they comply with the Electronic Signatures in Global and National Commerce Act and the Uniform Electronic Transactions Act. This means a potential Zoomin Groomin franchisee can use electronic signatures for the Personal Guaranty, as long as they meet the legal requirements for electronic signatures in their jurisdiction.
The Personal Guaranty is capped at $250,000, excluding damages 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. The guarantor also consents to the franchisor obtaining and using consumer reports to evaluate their creditworthiness.