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Franchisors, make sure your franchisees meet their obligations to you by obtaining a Guaranty of Franchise Obligations from the principal(s) of the franchisee. The guarantor unconditionally guarantees the complete performance of the franchisee under the terms of the Franchise Agreement. The obligations of the guarantor are independent of the obligations of the franchisee. The Guaranty is enforceable against the guarantor and his/her personal representatives, successors and assigns, and the death of the guarantor will not terminate the liability of the guarantor. If the spouse of a franchisee signs as a guarantor, and the franchisee subsequently remarries, the new spouse must also sign. This USA Guaranty of Franchise Obligations template is available as a downloadable and fully editable MS Word document.