Does the 1-800-GOT-JUNK? Franchise Agreement specify whether the guarantee is a continuing guarantee for 1-800-GOT-JUNK?

According to the 2025 1-800-GOT-JUNK? Franchise Disclosure Document, the Guarantee, Postponement and Covenants Agreement specifies that the guarantor's obligations extend throughout the term of the Franchise Agreement. Specifically, the guarantor is responsible "at all times during the term of the Franchise Agreement and during any exercised extension or renewal of the term of the Franchise Agreement and until all of the terms, covenants and conditions of all agreements and dealings between the Franchisee and the Franchisor have been fully and completely performed by the Franchisee or otherwise discharged by the Franchisor".

This means that the guarantee provided by the guarantor is a continuing one, lasting for the entire duration of the franchise agreement, including any renewals or extensions. The guarantor's obligations persist until the franchisee has fully met all the requirements and conditions outlined in their agreements with 1-800-GOT-JUNK?, or until 1-800-GOT-JUNK? releases the franchisee from these obligations.

For a prospective 1-800-GOT-JUNK? franchisee, this implies that anyone acting as a guarantor (typically a shareholder, director, officer, member, or partner of the franchisee) must understand that their financial responsibility continues for the life of the franchise. This obligation doesn't end unless the franchisee fully performs all contractual duties or is explicitly released by 1-800-GOT-JUNK?. This long-term commitment should be carefully considered by anyone agreeing to act as a guarantor.