Yes, the 2024 Afuri Ramen Dumpling Franchise Disclosure Document includes a Personal Guaranty Agreement as Exhibit I. This agreement requires the undersigned to waive certain rights, including acceptance and notice of acceptance by the Franchisor, notice of demand for payment, protest and notice of default, and any right to require action against the Franchisee or any other person as a condition of liability.

In simpler terms, if you sign a Personal Guaranty Agreement, you are agreeing to be personally responsible for the financial obligations and performance of the franchise. This means that if the Afuri Ramen Dumpling franchise fails to meet its financial obligations, the franchisor can seek recourse directly from you as an individual.

This is a common practice in franchising, especially when the franchisee is a business entity like a corporation or LLC. The personal guarantee ensures that there is an individual who is ultimately accountable for the franchise's debts and obligations. Prospective Afuri Ramen Dumpling franchisees should carefully review the terms of the Personal Guaranty Agreement with legal counsel to fully understand the implications before signing.