What is the role of the 'Printed Name' field 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 t |
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, the 'Printed Name' field in the Guaranty is where the guarantor will print their name. The document includes a table outlining signature requirements for the Guaranty, which includes fields for the guarantor's signature, printed name, and date. There are spaces for two guarantors to sign. 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 Guaranty itself is a binding contract between the guarantor, the franchisee (referred to as the Beneficiary), and Zoomin Groomin (the Franchisor). In this agreement, the guarantor agrees to guarantee the payment of any money and performance of any obligation of the Beneficiary to the Franchisor. This means that if the franchisee fails to meet their financial or other obligations to Zoomin Groomin, the guarantor becomes responsible for fulfilling those obligations, up to a limit of $250,000, excluding damages from willful wrongdoing, such as trademark infringement, or liquidated monies owed, such as past-due amounts.
The Guaranty remains in effect throughout the term of the franchise agreement, including any renewals or extensions. It's also specified that subsequent agreements and credit applications will not alter, supersede, or modify the Personal Guaranty. The guarantor also consents to Zoomin Groomin obtaining and using Consumer Reports from time to time to evaluate their current and ongoing creditworthiness. This is a common practice in franchising, as it provides the franchisor with additional security and assurance that the franchisee's obligations will be met.