For the Zoomin Groomin Personal Guaranty, what is the significance of providing a printed name alongside the signature?
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 inclusion of a printed name alongside the signature on the Personal Guaranty serves to clearly identify the individual who is signing the document. This is a standard legal practice to avoid ambiguity about who is providing the guaranty. The document also specifies that electronic signatures are valid, provided they comply with the National Commerce Act ("E-Sign Act") and Uniform Electronic Transaction Act ("UETA").
The Personal Guaranty ensures that the guarantor is personally liable for the financial obligations of the franchisee up to $250,000, except for damages resulting 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. Subsequent agreements or credit applications will not alter or supersede this guaranty.
This arrangement is a continuing and irrevocable guaranty and indemnity to the benefit of Zoomin Groomin. The guarantor waives certain legal rights, such as presentment, demand, notice of non-payment, and the right to require Zoomin Groomin to proceed against the franchisee first. The guarantor also authorizes Zoomin Groomin to obtain and use consumer reports to assess their creditworthiness. This comprehensive waiver and authorization underscore the seriousness of the personal guarantee and the guarantor's commitment to covering the franchisee's debts.
For a prospective Zoomin Groomin franchisee, understanding the implications of the Personal Guaranty is crucial. It means that the individual signing the guaranty is putting their personal assets at risk to secure the franchise agreement. Franchisees should carefully consider their financial situation and consult with legal and financial advisors before signing such a document, as it has long-term and potentially significant financial consequences.