Franchisor Surety Bond

FRANCHISOR SURETY BOND. This form is issued by the State of Washington, Department of Financial Institutions, Securities Division and used by individuals or entities applying to offer or sell franchises in the state of Washington in accordance with RCW 19.100.040. The bond serves as a guarantee of financial responsibility, ensuring that the franchisor complies with all applicable provisions, orders, rules, and regulations under the Washington State Franchise Investment Protection Act. The bond is in the amount of One Hundred Thousand Dollars ($100,000), and it is jointly and severally binding on the principal (franchisor) and the surety. The bond remains in effect until the principal's registration is withdrawn, terminated, or revoked, except for liabilities arising prior to such events. The surety may cancel the bond upon 30 days' written notice to the principal and the Securities Division. The form includes signatures and acknowledgments from the principal and surety, as well as a notary public acknowledgment for each party. If the bond is subscribed by an attorney-in-fact for the surety, a true and correct copy of the Power of Attorney must be attached to the bond. www.FormsWorkflow.com